Each Federal Reserve Bank is

A. a corporation.
B. a government owned enterprise.
C. a publicly traded company.
D. a government-sponsored enterprise.


Answer: A

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What will be an ideal response?

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Ollie Company entered into a lease agreement with Costello, Inc, to lease an asset that cost Ollie $120,000 . The lease agreement requires five annual year-end rentals of $40,000 each. Ollie's implicit rate on the lease is 1 . percent. Ollie's dealer profit on this lease would be

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