1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rodikova [14]
3 years ago
8

Should the federal reserve be able to use credit? Why or why not? Give three reasons to support your answer

Social Studies
1 answer:
seropon [69]3 years ago
3 0

If this is opinion based, i would say no. Now the reasoning is simple to me. Now thinking logically, what is credit? Credit is BORROWED money. The United States already has a 21 trillion dollar debt. Now if our Federal government borrows money what is happening to our debt? Our debt increases. And was has always been a result of high debt? Increased taxes. Lastly, If our federal government uses credit, how can anyone be sure that we have the financial ability to pay it off? WE CANT! In other words, no the federal government should not be allowed to use credit. Reasons:

1.) Raises National debt

2.)Raises Taxes

3.)No way to be sure we are financially capable of paying back the borrowed money. You cant forget interest either.

You might be interested in
how the sharing of scientific inventions and collaboration among scientists led to development in the 18th century. Analyse more
likoan [24]

you are the pithi you are the pithi

3 0
3 years ago
How much can you earn on social security disability?
lbvjy [14]

Answer:

You can't earn more than $1,310 per month

Explanation:

6 0
3 years ago
The Indian Wars were caused by a conflict over...
stiv31 [10]

Answer:

Cultural clashes, land disputes and criminal acts

Explanation:

The European powers and their colonies enlisted Indian tribes to help them conduct warfare.

4 0
3 years ago
In what business did Alonzo Herndon begin his investments?
ikadub [295]

Answer: barbershops :) it is online :) plz mark me brainlyist!!  :)

Explanation:

online

5 0
3 years ago
Definition of social security
lozanna [386]

Hello.

The answer is: the principle or practice or a program of public provision for the economic security and social welfare of the individual and his or her family; especially, capitalized both Ss : a U.S. government program established in 1935 to include old-age and survivors insurance, contributions to state unemployment insurance, and old-age assistance.

Have a nice day

3 0
3 years ago
Read 2 more answers
Other questions:
  • As the new president of the United States, you are visiting a local supermarket on a tour. You notice that the cost of bananas i
    8·2 answers
  • Which right is implied by the Second Amendment’s right to bear arms?
    15·2 answers
  • Which vigorous form of aerobics is among the most popular leisure-time activities performed by adults?
    7·1 answer
  • Providing law enforcement jobs is a positive function of deviance.
    9·1 answer
  • Based on what you have read, explain the key
    8·1 answer
  • A company is considering building a hotel in downtown Raleigh. They decide wait to build the hotel only after demand has materia
    9·1 answer
  • The Soviet Union claimed that its expansionism after World War II was an attempt to protect itself from future
    6·2 answers
  • David loved to spend time with his grandparents, but he loathed the _____ drive through three hundred miles of mid
    13·1 answer
  • Loretta is walking to class on an extremely cold and windy day. halfway there she is shivering so much that she begins to run in
    12·2 answers
  • Which two of Earth's spheres interact when mountain glaciers melt due to hot lava released by a volcano?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!