The Fed Is a Central Bank and as Such

question 23

Multiple Choice

The Fed is a central bank and as such

• A)does business with international organizations such as the United Nations.
• B)provides banking services to individuals and firms.
• C)provides banking services to banks but not individuals.
• D)does business only with the federal government.
• E)is where the Federal Government turns when it needs to borrow.

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Definitions:

Human Capital

Is the sum of useful skills and knowledge that an individual possesses.

Business Administration

The management and operational skills required to run a business effectively, including planning, organizing, staffing, leading, and controlling organizational resources.

Income Level

A measure of the amount of monetary earnings or revenue a person, family, or household receives within a specified time period, often used to gauge economic status.

Welfare State

A government system that provides a range of social security and welfare benefits to its citizens.