Select the correct answer from each drop-down menu. Which components complete the formula to calculate discretionary income?
You first calculate your total income, by adding income generated from all your sources of income. From the sum, deduct your
expenses for a specific period.
The
amount derived is your discretionary income.

Which of the following makes a true statement about the relationship between government and financial institutions? government and financial institutions do not interact with each other. financial institutions like the u.s. treasury must approve increases in the government deficit. government can pass laws to limit what financial institutions can charge in interest and fees. financial institutions like local banks must approve interest rates set by the federal reserve.