The Major Asset of the Federal Reserve Is

question 51

Multiple Choice

The major asset of the Federal Reserve is

• A) The U.S. Treasury securities
• B) Depository institution reserves
• C) Currency outside banks
• D) Vault cash of commercial banks
• E) Gold and foreign exchange

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Definitions:

Limited Life

Partnership is dissolved by admission, withdrawal, or death of a partner. Although the partnership is dissolved, the operations of the business can continue.

Bankrupt

The legal status of a person or entity that cannot repay the debts it owes to creditors, leading to legal intervention for asset distribution.

Accounts Payable

Liabilities of a business that are due to creditors within a short period, usually one year, and are to be paid in cash or other current assets.

Equipment

Tangible property used in the operations of a business not intended for sale, including machinery, computers, and furniture.