QUESTION 47 1 points Save Answer Net interest income (NI) interest income less non-interest income. O TRUE FALSE. QUESTION 48 1 points Save Answer Federal funds are O usually overnight investments. O borrowed by banks that have a deficit of reserves. O lent by banks that have an excess of reserves. O all of the above. O only A and B of the above. QUESTION 49 1 points Save Answer banks to become members of the Federal Reserve System, while banks could choose to The Federal Reserve Act required all become members of the system. O state; national O state; municipal O national state O national; municipal. QUESTION 50 1 points Save Answer Which of the following protects the mortgage lender's right to sell property if the underlying loan defaults? O Alien A down payment Private mortgage insurance Borrower qualification Amortization 5