The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.[list 1] Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
Answer:
b. Deductible
Explanation:
Since in the question it is mentioned that Kenji who had an illness and had an accident during the year also the combined out of pocket expenses is $1,000.
So this $1,000 represent the deductible
hence, the correct option is b.
And the other options are wrong
Therefore the same is to be considered
The combination of outlay and Tax revenue that will help correct the deficit situation of Country X is found in Option D. This condition means that the country's tax revenue is in excess of its spending by $200 Million.
<h3>What is a Budget Deficit?</h3>
When there is a shortfall between the available funds or revenue required to service the budget, the country is said to be operating in a budget deficit situation. Note that outlay means spending.
Thus, it is correct to state that The combination of outlay and Tax revenue that will help correct the deficit situation of Country X is found in Option D
See the attached image.
Learn more about budget deficit at;
brainly.com/question/26010226
#SPJ11
Answer:
C. Bankruptcy is mentioned in the United States Constitution.
Explanation:
First, not most people are familiar with the process of bankruptcy unless they have to face the verge of bankruptcy in their business or working in law or regulatory fields dealing with bankruptcy business.
In the United States, bankruptcy is regulated by federal law. So that the answer bankruptcy is not regulated by federal law is also wrong.
In addition, bankruptcy case will only be heard in the federal court, so that the answer D is also wrong.
Lastly, United States Constitution does authorize Congress to enact laws related to bankruptcy in the United States.
=> So that C is the answer