1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tekilochka [14]
3 years ago
12

Congress established the Reconstruction Finance Corporation (RFC) to loan money to

History
2 answers:
Shtirlitz [24]3 years ago
7 0

Answer:

banks so they could lend money to businesses to stimulate economic activity

Explanation:

gradpoint :)

Vaselesa [24]3 years ago
4 0

Reconstruction Finance Corporation was established in the year 1932 on 22nd of January.

Explanation:

The Reconstruction Finance Corporation was found in US , it is a government corporation.This corporation was made during the time of President Hoover. The main aim of the organisation was to provide loan to the people who required it. This loan was normally provided during the time of depression

This corporation mainly helped to the local as well as state government , provided loans to bank, various businesses, mortgage associations.

But Reconstruction Finance Corporation became a failed project because at the time of contraction period most of the banks had to stop their business activity as a result it ultimately failed.

You might be interested in
Thanks play an important role in determining changes in the money supply. Assume that a bank receives a cash deposit of 9000 fro
mihalych1998 [28]

Answer:

the money multiplier = 1/ reserve ratio in this case, the reserve ratio is 10% (required) + 10% (voluntary) = 20%, so the money multiplier = 1/20% = 5 %

What is the immediate impact of this transaction on the money supply? None, since the money supply doesn't change. When a customer deposits money in a bank, the money does not increase, only its composition changes. The maximum amount by which this bank will increase its loans from the transaction in part (a) • the bank will be able to loan = total deposit x (1 - reserve ratio) = $9,000

x (1 - 20%) = $7,200

The maximum increase in the money supply that will be generated from the transaction in part

• since the banks started to "create" money by lending the money, the money supply will increase by total deposit x ( money multiplier - 1) = $9,000 x 4 = $36,000 Assume that the government increases spending by $9,000, which is financed by a sale of bonds to the central bank. Indicate what will happen to the money supply.

• The money supply will increase.

Explain what will happen to the money demand. • The money demand will also increase because aggregate demand and income will increase. Aggregate demand will increase by $9,000 x government multiplier. The government multiplier = 1/ MPS.

7 0
3 years ago
Explain the relations between the Old Kingdom and Nubia in 2-3 sentences.
Arlecino [84]

Answer:

The contact and relationship between the two always seemed to go back and forth from a peaceful relationship to one with hostility. However complex their relationship was, Egypt and Nubia both developed through political, economic, and cultural means depending on who held power at the time

Explanation: please give brainliest

5 0
3 years ago
Read 2 more answers
After the fall of the Mauryans, what new empire was founded by Buddhist king Kanishka?
mariarad [96]
C. Hope this helps.
7 0
3 years ago
Do you believe that congressional members should be elected by popular vote? Why or why not?
eduard

Answer:

Not sure what you need to include in your answer but i will give my opinion.

Explanation:  

In my opinion congressional members should be elected based on the popular vote, if a member is more popular and prefered  than another member then they should be the one elected.

For example in the presidental election there is a system called electorial college, bigger states have bigger numbers to win. In the election they must have 170 points to win. This is an unfair advantage because if a canadidate has only had a small percentage more votes than the other popular canadidate then that's unfair and the canadidate who is not popular gets ahead even by a small margin of votes.

I'm assuming this is opinion based but hope it helps.  

7 0
3 years ago
How many Governors sit upon the board of the Federal reserve?<br> A) 5<br> B) 21<br> C) 37<br> D)12
denpristay [2]

Answer:

12

Explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • In what ways is the House of Representatives structured to be more representative of the general population than is the senate?
    12·1 answer
  • Why did the framers of the Constitution include the amendment process?
    6·2 answers
  • Roosevelt's New Deal included laws that gave workers
    14·2 answers
  • How did the environment affect the development of societies in africa?
    11·1 answer
  • Can colleges detect other apps during online testing
    7·1 answer
  • What form of government is ruled by a king, queen, emperor, or empress?
    12·1 answer
  • Why was the West in favor of the Force Bill?
    5·1 answer
  • The time period before the birth of Jesus<br><br>​
    8·2 answers
  • I picked a on a exadent but what is the answer i need help
    6·2 answers
  • What was a primary cause of the collapse of the Soviet Union in the late 20th century?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!