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2 years ago

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

Business

2 answers:

galben [10]2 years ago

7 0

The answer is b. department of the treasury

Ratling [72]2 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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Answer and Explanation:

1. At 0fficial exchange rate:

100 * 0.5 = $50

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at market exchange rate:

0.25 x 100 = $25

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2. at equilibrium exchange rate:

100 x 0.25% = $25

the price is $25

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3 years ago

The organizations likely to benefit the most from the global reach of e-commerce are those that.

ElenaW [278]

The companies likely to advantage the most from the worldwide attain of e-commerce are those who more than one choice

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*promote products or services that can be delivered online, inclusive of ebooks or online instructions.

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international attain refers to a commercial enterprise initiative to boom the get right of entry to between an agency and their modern and ability customers thru using the internet. The internet allows the corporation to market themselves and entice new clients to their website where they are able to offer product records and higher customer service.

clients can vicinity orders electronically, consequently reducing luxurious long remote cellphone calls and postage prices of placing orders, even saving time on behalf of the purchaser and employer.

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5 months ago

What is the purpose of a marketing plan?

Elza [17]

Answer:

The is purpose of marketing plan is to:define strategies to engage audiences in order to achieve business objectives

Explanation:

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4 0

2 years ago

If you are in a car accident caused by someone else who also has insurance, which type of insurance plan will not require you to

lord [1]

Answer would be Either A or B

4 0

2 years ago

Which of the following statements is false? a. A credit is a deposit to a checking account. b. A debit is a withdrawal from a ch

allsm [11]

Answer:

c. An overdraft is a fee your bank charges you for opening a checking account.

Explanation:

Checking account is a deposit account with a bank or any financial institution that allows the owner of such account to make withdrawals and deposits. They are also known as demand accounts or transactional accounts. They are very liquid and allows for countless deposits and withdrawals and can be obtained by using automated teller machines, checks and electronic debits, and a number of other methods.

A checking account is unlike other bank accounts like less liquid savings or investments account it allows for countless withdrawals and unlimited deposits, and savings accounts sometimes limit both.

The statement that an overdraft is a fee that banks charges for opening a checking account is false.

Overdraft is a form of extension of credit from a finiancial institution and often granted when an account reaches zero. it allow such account holder to continue withdrawing money even though the account has no funds or insufficient funds that would cater for and cover the amount of the withdrawal. So it is not the fee that bank charges for opening a checking account, instead what checking account offers is overdraft protection in which if a checking account owner write a check or make a purchase than the funds in the checking account, the bank may cover the difference.

8 0

2 years ago

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