The Fed does not have to go through the normal congressional appropriations process because
A) its expenses are very small.
B) it was given enough funds at the time of its founding to provide for its expenses indefinitely.
C) its net income is more than $25 billion per year.
D) it is not part of the legislative branch of the federal government.
Correct Answer:
Verified
Q36: Under the Federal Reserve Act, which banks
Q37: Why did fewer state banks choose to
Q38: The reserve tax refers to
A)the tax nonmember
Q39: The members of Federal Reserve district bank
Q40: Members of the Board of Governors are
A)elected
Q42: Most of the Fed's earnings come from
A)fees
Q43: Most Fed watchers believe that the Fed
Q44: Which of the following is NOT a
Q45: The Banking Acts of 1933 and 1935
A)established
Q46: What is the main reason the Fed
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