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3 years ago

Which of the following is not a core component to the federal reserve bank?

Business

2 answers:

galben [10]3 years ago

7 0

The answer is b. department of the treasury

Ratling [72]3 years ago

5 0

<u>The option (B) is correct. The Department of the treasury is not the core component of the Federal Reserve Bank. </u>

Further Explanation:

The central bank of the United States is the Federal Reserve Bank. It was founded in 1913 to provide the nation with a stable financial and monetary system by Congress. The primary function of the central bank is:

• Monetary Policy

• Banking Supervision

• Financial Services

Justification for the correct and incorrect option:

Federal Open Market Committee: This option is incorrect.

It is the Federal bank's monetary policy-making body. The key responsibility of the federal open market committee is to formulate a policy that helps to promote economic growth and stable prices.

Department of the Treasury: This option is correct.

It is responsible for the management of Federal finances by and paying bills and collecting taxes and also managing public debt and government accounts. This is not the federal reserve component.

Regional Federal Reserve: This option is incorrect

There are 12 Federal Reserve Banks and 24 branches making up the whole Federal Reserve System which supervised by the Board of Governors

Board of Governors: This option is incorrect.

The Board of Governors is also known as the Federal Reserve Board. It is one of the components of the Federal Reserve System. The key responsibilities of the Board of Governors are to provide guidance in monetary policy action and analyze international and domestic financial and economic conditions.

Learn more:

1. Learn more about the low liquidity bank accounts

brainly.com/question/2953973

2. Learn more about the traditional saving account

brainly.com/question/2652429

3. Learn more about the role of money

brainly.com/question/12984919

Answer details:

Grade: High School

Subject: Economics

Chapter: Money and Banking

Keywords: Federal Reserve Bank, Federal Open Market Committee, Department of the Treasury, Regional Federal Reserve, Board of Governors.

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3 years ago

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Answer:

a. The percentage change in pizza prices is -25.00%.

b. The percentage change in pizza prices is 5.88%.

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We follow these steps to arrive at the answer.

<h3>a. Percentage change in price of pizza</h3>

The percentage change in price of pizza using the midpoint formula is:

$percentage change in price = ({\frac{P_{2} - P_{1}}{Average price})*100$

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In this question, P₁ is $18 and P₂ is $14

Substituting the values in the formula above we get,

$Average Price = \frac{14 + 18}{2}$

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<h3>b. Percentage change in quantity demanded of skateboards</h3>

The percentage change in quantity of skateboards using the midpoint formula is:

$percentage change in quantity = (\frac{Q_{2} - Q_{1}}{Average Quantity})*100$

In this question, Q₁ is 330 and Q₂ is 350

Substituting the values in the formula above we get,

$Average quantity = \frac{Q_{2} + Q_{1}}{2}$

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We calculate the cross elasticity of demand as follows:

$Cross Elasticity Demand = \frac{percentage change in quantity of skateboards}{percentage change in price of pizza}$

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$Cross Elasticity Demand = -0.235294118$

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