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3 years ago

Why does the president of New York's Federal Reserve Bank always have a vote in the FOMC

Business

2 answers:

Sladkaya [172]3 years ago

6 0

Answer:

Due to the importance of New York's financial market and the execution of the open market operations.

Explanation:

The great size of the financial market in New York and the execution of open market operation are the reasons for the President of the New York's Federal Reserve Bank holding a permanent seat and vote on the Federal Open Market Committee which is composed by 12 members--the seven members of the Board of Governors and five of the 12 Reserve Bank presidents.

alexandr402 [8]3 years ago

6 0

The leader of the Federal Reserve Bank of New York holds a lasting seat on the FOMC in light of the fact that a lot of monetary movement happens in New York City and on the grounds that the New York Fed is answerable for executing open market activities. The US Treasury is a budgetary office; the Fed is a money related organization.

 Explanation:

The gathering that makes money related approach for the Federal Reserve System is the Federal Open Market Committee (FOMC). Notwithstanding detailing money related arrangement, the FOMC chooses whether the Federal Reserve will join the Treasury Department in remote trade (FX) advertise mediation.

Intercession has gotten significantly less incessant lately; U.S. fiscal specialists mediated in the FX showcase multiple times in 1995, yet just twice in the accompanying seven years.

By law, the FOMC must meet in any event four times each year; as of late, it has met eight times each year. The gatherings, held in Washington, D.C., are gone to by the individuals from the Fed's Board of Governors (Board of Governors), the leaders of the 12 Federal Reserve Banks, and some senior Federal Reserve staff individuals.

Most FOMC gatherings are deduced in a solitary day, however the two gatherings every year that go before the Fed's semi-yearly reports to Congress on money related arrangement most recent two days each. In 2008, the gatherings are booked for January 29-30, March 18, April 29-30, June 24-25, August 5, September 16, October 28-29 and December 16.

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The city of Ann Arbor Michigan buys a police car manufactured in Germany. In the GDP accounts this transaction is included in a.

natima [27]

Answer:

A. In government expenditures and imports.

Explanation:

We are informed about how The city of Ann Arbor Michigan buys a police car manufactured in Germany.

In the case of this transaction, it is included in GDP accounts in government expenditures and imports.

GDP which is known as Gross Domestic Product can be explained as the total market value of domestic finished goods/service that are been produced in a particular period in a country. The net export, as well as consumption and government expenditures and investment are taking into consideration in GDP. It should be noted that social security payment is not accounted with GDP

8 0

3 years ago

A project has cash flows of -$119,000, $52,800, $60,200, and $33,100 for years 0 to 3, respectively. The required rate of return

Olegator [25]

Answer:

-$306.15 and rejected

Explanation:

Year Cash flows Discount factor Present value

at 12%

0 $-119,000 1 $-119,000 (A)

1 $52,800 0.8928571429 $47142.86

2 $60,200 0.7971938776 $47,991.07

3 $33,100 0.7117802478 $23559.93

Sum $118,693.85 (B)

Net present value -$306.15 (A - B)

4 0

4 years ago

During Bruce Company’s first year of operations, the company purchased $4,300 of supplies. At year-end, a physical count of the

seraphim [82]

Answer:

Supplies Used = $2475

Explanation:

Bruce Company

Supplies Purchases $4,300

Supplies on hand $1,825

Supplies Used = $ 4300- $ 1825 = $2475

The amount of Supplies used ( $ 4300- $ 1825 = $2475) will be shown in the income statement as an expense and the amount of unused supplies or Supplies on hand $1,825 will be shown in the Balance sheet as an asset account. The both of which will total the supplies actually purchased.

The relating adjusting entry will be

Supplies Expense $ 2475 Debit

Supplies Account $ 2475 Credit

This means the supplies of the amount $ 2475 have been used and is recorded as an expense in the income statement. It will be deducted from the gross profit. The remaining amount $ 1825 is for future use so recorded as an asset in the Balance Sheet and added to the total assets.

6 0

3 years ago

At Ava's second birthday, her grandparents wanted to pool their money to buy U.S. Treasury bonds that would ultimately provide $

Lelu [443]

Answer:

They would need to buy $64,068.981 in U.S treasury bonds on Ava's second birthday to ultimately provide $120,000 for college expenses in 16 years.

Explanation:

The initial amount to be invested in order to yield $120,000 after 16 years can be expressed as;

F.V=P.V(1+R)^n

where;

F.V=future value of investment

P.V=present value of investment

R=annual interest rate

n=number of years

In our case;

F.V=$120,000

P.V=unknown

R=4%=4/100=0.04

n=16 years

replacing;

120,000=P.V(1+0.04)^(16)

120,000=P.V(1.04)^16

120,000=1.873 P.V

P.V=120,000/1.873

P.V=$64,068.981

They would need to buy $64,068.981 in U.S treasury bonds on Ava's second birthday to ultimately provide $120,000 for college expenses in 16 years.

4 0

4 years ago

In your opinion which causes of work stress, or organizational stressors, are likely to be among the most common experienced by

SIZIF [17.4K]

Answer:

There are four types of organizational stressors: task demands, physical demands, role demands, and interpersonal demands.

For air traffic controllers, task demands are probably the most common organizational stressor that they experience.

Among the task demands, we have the need of quick decisions, critical decisions, and the fact that some information may be incomplete.

The job of an air traffic controller is complex, difficult, requires taking quick, and specially, critical decisions all the time. A bad decision by a traffic controller can be very problematic, and even prove fatal, because of the delicate nature of the job. For all these reasons, air traffic controllers are likely to be subjected to this specific organizational stressor.

7 0

3 years ago