Which of the following is a function of the Fed?
A) It creates a budget, or a financial plan, for the national economy every year.
B) It performs banking services for commercial banks in districts in which it operates.
C) It calculates the expected spending for the federal government every year.
D) It outlines expected revenue that is due from the collection of taxes and fees.
Question 2
Suppose France imposes a tax on agricultural products from the United States to help its own farmers. This describes a(n)
A) revenue tariff.
B) preservation tariff.
C) embargo.
D) nontariff barrier.
E) protective tariff.
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