The Major Liability of the Federal Reserve Is

question 45

Multiple Choice

The major liability of the Federal Reserve is

• A)U.S. Treasury securities.
• B)depository institution reserves.
• C)currency outside banks.
• D)vault cash of commercial banks.
• E)gold and foreign exchange.

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Definitions:

AFL-CIO

The American Federation of Labor and Congress of Industrial Organizations, a federation of unions that represents millions of workers in the United States.

Federation

A group or league formed by several organizations, each of which retains control over its own operations, but agrees to work together for common goals or interests.

Union Densities

A measurement indicating the proportion of workers in a specific area, industry, or country who are members of trade unions.

Southwestern States

Refers to the region of the United States that includes Arizona, New Mexico, Oklahoma, and Texas, often characterized by its distinct cultural heritage and landscapes.