Examlex
Match each of the following terms with the appropriate description, in the state income tax formula. Apply the UDITPA rules in your responses.
a. Addition modification
b. Subtraction modification
c. No modification
-Treasury Bond interest income.
Required Reserve Ratio
The fraction of deposits that banks are required by law to keep on hand as reserves, either in their vaults or at a central bank.
Create Money
The process by which the money supply of a country is increased, typically by the central bank issuing currency or through the banking system's lending activities.
Real Estate
Pertains to land and any permanent structures or improvements attached to it, such as buildings, houses, and other property types.
Federal Funds Market
A market for overnight lending and borrowing of reserves among banks; the interbank market for reserves on account at the Fed.
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