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2 years ago

Which of the following is NOT a responsibility of the Federal Reserve System?

2 answers:

7 0

I believe the answer is: A. <span>The Fed only loans money to member banks.

During inflation for example, the federal reserve could issue government owned bonds that can be bought by normal citizens (non member banks)
This allow them to take in a lot of money from market circulation and gradually increase the value of the currency.</span>

liubo4ka [24]2 years ago

4 0

<span>The correct answer is A. The Fed issues coin and paper money to the US treasury (i.e. US currency). It also sells, transfers and redeems government bonds, bills, notes and securities as it is, effectively, the government's bank. The Fed also regulates how much money each bank has. However, they do not only loan money to member banks (member banks are simply banks which own stocks in the Fed).</span>

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yes

Explanation:

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wolverine [178]

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2 years ago

When recording the payment of interest using the effective-interest method, the entry will include a ______ to Discount on bonds

goldfiish [28.3K]

Answer:Debit , market, stated.

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2 years ago

or each of the following items, indicate to which major group of the CPI the item belongs: a. Tuition payments to your universit

sergiy2304 [10]

Answer:

a. education; b. housing; c. transportation; d. food and beverages; e. recreation; f. medical care

Explanation:

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housing
apparel
transportation
education and communication
other goods and services
recreation
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a. Education

b. housing

c. transportation

d. food and beverages

e. recreation

f. medical care

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2 years ago

A cash payment of $130 on account was recorded as a $310 debit to accounts payable and a $310 credit to cash. the necessary corr

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(310-130=180)

debit cash $180; credit Accounts Payable, $180

Hope this helped :) !

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2 years ago

Read 2 more answers