Answer:
Option D, is the right answer.
Explanation:
Monetary policy is associated with the actions of the central bank as well as other regulatory agencies that are responsible to determine the rate of growth and size of the money supply.
The Federal Reserve System is the main agency which determines and implements the monetary policy in the United States. The U.S. Federal Reserve System was established by the Federal Reserve Act in the year 1913. This system is a quasi-public institution.
Oliver Cromwell ruled England as a military dictator
Nationalization is the kind of economic transformation and the example for the given statement.
Answer: Option C
<u>Explanation:</u>
During the period of Russian Civil War, the government followed a war communism type of government from the periods 1918 to 1921. Under this type of governance, all the industries were nationalized i.e., control was transferred to the government from private parties.
This was controlled by a strict management system from the central government. This was done by the Bolshevik government. However, people argued saying that this was done to eliminate poverty among the private parties.
