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King Joseph the 2nd in Australia
Answer:
Option D, is the right answer.
Explanation:
Monetary policy is associated with the actions of the central bank as well as other regulatory agencies that are responsible to determine the rate of growth and size of the money supply.
The Federal Reserve System is the main agency which determines and implements the monetary policy in the United States. The U.S. Federal Reserve System was established by the Federal Reserve Act in the year 1913. This system is a quasi-public institution.
Peter I played a crucial role in the dramatic economic and population growth of Russia in the eighteenth century. He made some radical reforms which were not accepted by everyone. He conducting a tax reform by imposing severe taxes on the people. He also did a Church Reform, which reduced the power of religion and church in the public life. He established the "Senate" and the "Ministries", leading to a more centralized administration and an exclusion of the hereditary privileges. He focused on the increase of the industrial production and the advances of technology and engineering. In addition, he increased the empire's trading activities and changed many of the agricultural practices.
