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Which of the following statements are correct?
I.The Federal Reserve's monetary policy must be approved by the President of the United States .
Ii.The Federal Reserve Board of Directors meets approximately every six months to review the state of the economy and determine monetary policy.
Iii.The Federal Reserve has determined it will use the monetary base as its policy instrument.
Net Income
The total earnings of a company after subtracting all costs and expenses from revenue.
Net Cash Flow
The difference between a company's cash inflows and outflows over a period, indicating overall liquidity.
Compound Interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods, leading to exponential growth of the investment or loan.
Present Value
The current value of a future amount of money or stream of cash flows, given a specified rate of return.
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