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Which of the Following Statements Is Correct

Question 55

Multiple Choice

Which of the following statements is correct?


A) The Fed has difficulty covering its normal expenses, but is reluctant to ask Congress for money.
B) The Fed is dependent on the annual appropriations it receives from Congress.
C) The Fed's profits are substantial, even when compared to the largest U.S. corporations.
D) At one time the Fed made substantial profits, but falling interest rates have greatly reduced them.

Correct Answer:

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