The Fed Is Profitable Because It

question 5

Multiple Choice

The Fed is profitable because it

• A)is managed efficiently
• B)pays no interest on its liabilities but earns interest on its assets
• C)earns interest on bank deposits
• D)invests in the stock market
• E)pays its workers poorly

Describe the characteristics of a negotiable instrument.

Distinguish between a sale and an agreement to sell.

Explain the transfer of title and risk in goods.

Define merchantable quality under the Sale of Goods Act.

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Definitions:

Contradictory

Pertains to statements or propositions that directly oppose each other in such a way that if one is true, the other must necessarily be false.

Chauvinists

Individuals who show excessive or prejudiced loyalty or support for a particular group, cause, or gender, often disregarding reasonable opposition.

Disprove

To prove a statement or theory to be false or incorrect.

Proposition

An assertion or declaration that conveys an opinion or judgment, which may be either true or false.