Answer:
I thing it is expressed powers
The Federal Reserve Act of 2000 says that the Fed "shall maintain <u>long run </u>growth of the monetary and credit aggregates commensurate with the economy's <u>long run</u> potential to increase production.
<u>Explanation:</u>
The Act was created in 1913 and signed by the then ruling president as a way of establishing economic stability. This act introduced the central bank to oversee the state monetary policies. The law was established to set out the structure, purpose and function of the Reserve System.
Due to recession and other financial crisis prior to 1913, investors lacked trust in bank systems, therefore the act was passed to bridge the gap between citizens and the banking system. Over the years it has been amended by Congress to keep up with the changing financial times.
I would say you do considering that unless you own the river or lake or such, the fish and body of water belongs to the state or county
China is closer to a pure command economy
Answer:
Explanation: A 529 Plan is an educational savings plan with tax advantage to the saver and it is also known as legally as a qualified tuition plan.
It is authorized by Section 529 of the Internal Revenue Code and sponsored by state agencies or educational institutions.
It is important to know that the interest generated under the 529 plan is not taxable by government.
Basically the 529 plan is for future educationally qualified expenses.
While a traditional saving account
is a normal savings account where one can save money in and also has the right to withdraw such funds whenever the funds are needed.
A traditional savings plan also generates interest but the interest generated are taxable. The interest generated on this account are usually moderate as the fund s are not held for a long time.