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MissTica
3 years ago
6

1. Standard Oil of Connecticut, Inc., sells home heating, cooling and security systems. Standard schedules installation and serv

ice appointments with its customers and then contracts with installers and technicians to do the work. The company requires an installer or technician to complete a project by a certain time, but to otherwise exercise independent judgment and control in the execution of any work. The installers and technicians are licensed and certified by the state. Standard does not train them, provide instruction manuals, supervise them at customers’ homes, or inspect their work. The installers and technicians use their own equipment and tools, and they can choose which days they work. Standard pays a set rate per project. According to criteria used by the courts, are these installers and technicians independent contractors or employees? Why?
Business
1 answer:
Yuki888 [10]3 years ago
5 0

Answer:

The installers and experts are self employed because;

  • Standard Oil of Connecticut, Inc has no influence over the work other than finishing the venture by a specific time and the installers and experts can pick the days wherein they need to work.  
  • The installers and specialists are occupied with various business as the business is into deals and The installers and experts are into administration.  
  • The work isn't done heavily influenced by business. Professionals and installers are not managed by Standard Oil of Connecticut, Inc and they don't assess their work.  
  • The devices are not given by the business and the installers and experts utilize their own gear and instruments.  
  • The installers and experts are utilized for a specific time-span till the fulfillment of the undertaking and are not utilized for long.  
  • The strategy for installment is through a set rate for every venture and not by time-frame.  
  • The installers and professionals are authorized and affirmed by the state and are having particular abilities which are not increased through the business.  

Every one of these conditions fulfill the necessities of self employed entity as indicated by measures utilized by the courts and doesn't fulfill the standards of representative.

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Fed can achieve its goals using the given tools as shown below.

<h3>What is money supply?</h3>
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  • There are numerous definitions of "money," but common measures often include currency in circulation and demand deposits (depositors' easily accessible assets on financial institutions' accounts).
  • A country's central bank may utilize a definition of what constitutes legal money for its own reasons.
  • Money supply data is recorded and released, typically by a government agency or the country's central bank.
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In the given situation, Fed can achieve its goals using the given tools:

  1. Change the reserve requirement - The Fed should lower the reserve requirement to 48 ± 1 percent.
  2. Change the discount rate - The Fed should lower the rate by 12.50 ± 0.01 percentage points.
  3. Use open market operations - The Fed should buy $125.00 ± 0.01 worth of bonds.

Therefore, Fed can achieve its goals using the given tools as shown.

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The complete question is given below:
The Fed wants to increase the money supply (which is currently $5,000) by $250. The money multiplier is 2, and people hold no cash. For each 1 percentage point, the discount rate falls, and banks borrow an additional $10. Explain how the Fed can achieve its goals using the following tools:

a. change the reserve req.

b. change the discount rate.

c. use open market operations.

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