Answer:
Crayon.
Explanation:
A crayon is known to be a kind of stick like pencil, but made of called wax, and it is useful for painting.
It is known that that the first crayon which looks like the modern crayon was made in Europe. And it was initially or originally made then out of the mixture of charcoal and oil. But now, the charcoal has since been replaced by various pigment and the oil been replaced by wax. This because the wax provides a better and stronger writing stick and it is easier to work with.
It should be noted, that crayon is used for writing and drawing, and its invention can be dated back to 18th century.
1)their education system is different from other countries
2)their languages differ according to territorial limits (meaning boundaries )
3)there are better social services compared to other countries
Federal Open Market Committee is the <span>group on the Federal Reserve organization chart decides whether to raise or lower interest rates.</span>
Answer: monetary policies
Explanation:
The monetary policy is the economic policy used by the central bank to control the supply of money or to mop up the excess liquidity in the economy in order to achieve the objective of controlling inflation in the economy through the use of the following monetary policy instruments
Open market operation : This is used when the central bank feels that the money in circulation is too little and wants to increase it, the bank will buy treasury bill from the commercial banks and give the commercial banks money. This will increase the money in circulation. But if the central bank feels that the money in circulation is too much and it wants to withdraw some, then the central bank sells treasury bill to the commercial banks and collect money from commercial banks this will decrease the money in circulation
Bank Rate : The bank rate determined the interest rate charged by banks on its loan. If the bank rate is high, the interest rate charged by commercial banks will be high.this will discourage the people from taken loan from the bank. But when the central bank reduces the bank rate, this will also make the interest rate to be low which will encourage the people to borrow from the commercial banks.
Cash Reserves : All commercial banks are expected to keep a certain percentage of their total deposit with the central bank. If the cash deposit ratio is increased the quantity of money left for commercial banks to lend out is reduced, but if the cash deposit ratio is reduced, then the quantity of money left for commercial banks to lend out is increased.
The Directives : The central bank may give central directives to commercial banks which they must follow, for example the central bank may ask the commercial banks to give credit for agricultural and industrial expansion. This will be the immediate channels to which credit may be directed.
Special Deposits : If the central bank is so pressed and decides to decrease credit facilities or the availability of loans it may ask the commercial banks to keep special deposits with it.This is done to contract credit only.when special deposit are kept with the central bank the amount of money left with the commercial banks is reduced and this reduces their ability to give loans.
