Rockefeller built the Standard Oil Company in which h<span>e bought up </span>oil<span> refineries, cut costs, and reinvested </span>his<span> profits in other refineries.</span>
The Fed is concerned principally with the availability of money and credit <u>for the entire economy.</u>
Explanation:
- The Federal Reserve System is the central bank of the United States.
- The Fed's main duties include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.
- The Fed is concerned principally with the availability of money and credit for the entire economy. It does not issue Treasury securities.
- It does not have an obligation to meet the financial needs of the federal government. Its responsibility is to provide a stable monetary framework for the economy.
- The goals of monetary policy are to promote maximum employment, stable prices and moderate long-term interest rates.
- By implementing effective monetary policy, the Fed can maintain stable prices, thereby supporting conditions for long-term economic growth and maximum employment.
The correct answer should be d. Identify the problem.
Answer:
<em>(A) Customer-perceived value.</em>
Explanation:
- <em>Objective value </em>is based on facts, observance and results of a specific process. The results observable may be of the advertising efforts, logistics and inventory control, shift in product promotion approach and customer focused approach followed by the firm etc.
- <em>Demand </em> is the quantity of a particular good, the customers are desiring and willing to purchase at a certain point of time.
- <em>Exchange</em> refers to a transaction of sale and purchase of a good or service.
- <em>Satisfaction</em> is the measure of happiness. A customer can be delighted or disappointed with a firm's product.
Now, we are left with <em>Customer-perceived value which is the customer's evaluation of the difference between all the benefits and all the costs of a market offering relative to those of competing offers. </em>A higher <em>customer perceived value</em> can bring customer loyalty and good product feedback to other potential customers, which can make the product seller's prospects bright for the future.
Answer:
The immediate change is an increase in M1 of $1,000 and no change in M2.
Explanation:
The M1 definition of money includes cash, coin, checkable deposits, and traveler checks. The M2 definition of money includes all the components of M1 and savings account, money market funds, certificate of deposits, and other time deposits.
A withdrawal of $1,000 from savings account will increase M1 by $1,000, as the $50 cash and the rest of $950 in her checking account is added to M1. However, the M2 will remain the same, as the $1,000 in the savings account which is included in M2 goes to cash and checking deposit which is also in M2.
