A central bank is a government-run organization that oversees the currency of a nation or a group of nations and regulates the money supply, or the total amount of money in circulation. Price stability is a primary goal for many central banks.
<h3>What is a central bank and what are its duties?</h3>
An independent national body known as a central bank manages monetary policy, oversees bank regulation, and offers financial services, such as economic research. Its objectives are to maintain low unemployment, avoid inflation, and stabilize the national currency.
<h3>Give an illustration of what a central bank is.</h3>
Economic and monetary policy, as well as the stability of the financial system, are under the control of central banks. These organizations determine interest rates and manage the nation's money supply. One of the world's most potent central banks is the U.S. Federal Reserve.
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Answer:
C. Artisans, shopkeepers, and farmers made up a large middle class, but the gentry held the most power and wealth.
Explanation:
In New England and the mid-Atlantic colonies, the elite were wealthy farmers or urban merchants; in the South, they were wealthy planters. Hope this helps!
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Answer:
- "We hold these truths to be self-evident, that all men are created equal..."
Explanation:
The phrase 'we hold these truths to be self-evident that all men are created equal' outlines the significance of natural rights. The <u>use of words 'self-evident' shows that equality is a natural and universal law produced by the almighty that does not need to be dependent or backed by any legal law created by humans</u>. The declaration characterizes every man being generated equal as an inalienable law given by God and can never be withdrawn by humans. Thus, the above phrase highlights their importance.
