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26. Name 2-3 reasons why the federal reserve bank of New York can be viewed as the most important of the_______(insert number) Federal Reserve District

26. Name 2-3 reasons why the federal reserve bank of New York can be viewed as the most important of the_______(insert number) Federal Reserve District Banks.

28. What are the Federal Reserve system's two biggest assets and two biggest liabilities? What is the approximate asset size of the Federal Reserve Bank System?

29. Does the Federal Reserve make a profit? How? How much? Where do the profits go?

30. What is the interest carry trade?Briefly

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