The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.[list 1] Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
False.
Supplies goes down. Supplies should be an asset. What goes up? Nothing yet. Something will when a transaction takes place.
Answer:
which one of two machines to acquire given equal machine lives but unequal machine costs.
Explanation:
equivalent annual cost (EAC) is used in determining which investment to make when the investments have different life spans.
When investments have different life spans, the net present value(NPV) cannot be used in making decisions on investment.
EAC=
where r = interest rate
n = number of years
The decision rule is to invest in the investment with the higher EAC
Netflix and Hulu are substitutes if more individuals desire Netflix memberships as the cost of Hulu subscriptions decreases.
In microeconomics, two things are considered substitutes if customers may use them for the same purpose. Having more of one thing makes a buyer want less of the other good because they regard both goods as similar or equivalent.
Contrary to independent and complementary products, substitute goods may displace one another in usage as a result of shifting economic conditions. Coca-Cola and Pepsi are two examples of substitute commodities; they may be used interchangeably because they both meet the same need, which is the demand of customers for a soft drink. These replacements are referred to as "near substitutes."
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