In its basic form, an IRA simply does what to taxes?
A) reduces the tax payments when you save B) eliminates them
C) defers their payment to a later time D) passes the taxes on to the rich
Question 2
The Federal Reserve finances its credit policy with
A) reserve deposits that private banks hold with the Fed.
B) the insurance premiums collected by the FDIC.
C) borrowing from the federal government.
D) funding from the U.S. Treasury Department.