Examlex
Which is correct?
Federal Funds
Reserve balances that commercial banks hold at Federal Reserve Banks, often referred to in the context of the federal funds rate, which is the interest rate at which banks lend to each other overnight.
Income Tax
Tax levied by a government directly on income, including wages, salaries, and investments.
Constitution
The fundamental principles and established precedents according to which a state or other organization is governed.
Police Power
The power retained by each state to pass laws that protect the health, safety, and welfare of its citizens.
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