If the Federal Reserve did not regulate monetary policy, monitor banks, and provide services for banks, then the transactions would be more costly and interest rates will be more.
The Federal Reserve (Fed) in the US manages the economic and financial system in US. It regulate the monetary policy, monitor banks and provide services for banks. They monitor banks so that there will be no more increases in the costs of transactions than the cost agreed by the Fed. Also it will also reduce the possibility of increase in interest rates as the monetary policy is also implemented by the Fed. As a head of the banks, the Federal Reserve also provide services to other banks. In short, the Fed keeps the US economy stable. If they did not regulate monetary policy, monitor banks, and provide services for banks, then it would have been hard to keep this economic stability in US.
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Answer:
2014 2013 %CHANGE
SALE 1297000 1001000 29.6%
COGS 797655 600600 32.8%
Gross margin 499345 400400 24.7%
operating expenses 302000 198000 52.5%
Income before tax 197345 202400 -2.5%
taxes 61400 52600 16.7%
Net income 135945 149800 -9.2%
Explanation:
%change = (2014 - 2013)/2013
2014 and 2013 represent each line item in the income statement
Answer:
[Today’s Date]
[Hiring Manager]
[356 Company Address]
[City, State xxxxx]
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