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In 1777, Hamilton became General George Washington's assistant. In 1788, he convinced New Yorkers to agree to ratify the U.S Constitution. He then served as the nation's first secretary of the treasury, from 1789 to 1795.
Answer: undergound economy is when goods and services are bought and sold under the table without receipts, invoices or bills or any document that accredits the transaction. The intention is not to pay taxes and avoid expenses related to the transactions.
Explanation: the reason of underground economy is mainly poverty, ignorance and excessive regulation. Governments also make the cost of being formal and paying taxes very expensive with excessive regulations that tend to sink companies with high taxes and debt.
Answer:
D the money supply in the economy increases
Explanation:
when the Federal reserves purchases $20 million in bons from sun trust Bank, the holdings of sun-trust bank will decrease by $20 million and its reserve increases by $20,million. But sun trust bank policy prevents it from holding excess reserves. so, bank will loan out this excess reserve which in turn will increase the money supply in the economy.
therefore , the correct answer is D the money supply in the economy increases
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