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dmitriy555 [2]
3 years ago
13

In an article in the Wall Street Journal​, Kevin​ Brady, a member of Congress from​ Texas, stated,​ "To get Congress to pass the

Federal Reserve Act​ [in 1913, President​ Woodrow] Wilson had to retain the support of...northeastern lawmakers while convincing southern and western Democrats that legislation would not... create a​ [single] central bank.​ Wilson's ingenious solution was​ federalism." ​Source: Kevin​ Brady, "How the​ Fed's East Coast Title Warps Monetary​ Policy," Wall Street Journal​, June​ 4, 2015. When Congressman Brady stated that Woodrow Wilson used​ "federalism" to convince Congress to pass the Federal Reserve​ Act, he meant that A. Wilson created a Federal Reserve System composed of 12 district banks under the supervision of a board in Washington. B. Wilson deceived Congress because there is one central federal bank system. C. the Federal Reserve Act was a federal law. D. Wilson persuaded Congress that they had an obligation to create a single central bank.
Business
1 answer:
matrenka [14]3 years ago
5 0

Answer:

C. the Federal Reserve Act was a federal law.

Explanation:

In order to pass the Federal Reserve Act(FRA) President Wilson needed the support of the entire country. From the northeastern, southern to western lawmakers.

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This strategy is an attempt to retain the consumers' perception of their product. Consumers' perception is a marketing concept that has to do with the impression that a company produces about its products. Customers perception is influenced by advertisements, reviews, social media, personal experiences, etc.
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3 years ago
Which of the following best explains why resources need to be allocated in the game of economic? A) Natural resources are often
Sladkaya [172]

Answer:

The best explanation for the need to allocate resources in the game of economics is that:

C) There are not enough resources to produce all of the goods and services that everyone wants.

Explanation:

In economics, it has been established that human needs are insatiable and that the resources to meet the needs are not readily and sufficiently available.  This is the bedrock of Economics.  It is the reason that Economics is studied as a separate course.  Scarcity and needs are important concepts in human interactions.  Therefore, the ability to allocate scarce resources to enable the production of goods and services is key to human development.

3 0
2 years ago
Assume the spot Swiss franc is $0.7000 and the six-month forward rate is $0.6950. What is the minimum price that a six-month Ame
Rama09 [41]

Answer:

2 cents

Explanation:

The spot price = $0.7000 = 70 cents, The forward rate = $0.6950 = 69.5 cents and the call option with striking price = $0.6800 = 68.00 cents

The annualized six month rate = 3 1/2 % = 3.5 %, therefore the rate = r/n, where n is the number of period per year = 2. Therefore r/n = 3.5% / 2 = 0.035 / 2 = 0.0175

The minimum price = Maximum (spot price - striking price, (forward rate - striking price) / (1 + 0.0175), 0) = Maximum(70 - 68, (69.5 - 68)/ 0.0175, 0)

Minimum price = Maximum (2 , 1.47, 0) = 2 cents

4 0
3 years ago
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ratelena [41]

Answer:

B) Sales discounts.

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As the following transaction is already been recorded at the time of sale

Dr. Account receivable  xxxx

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3 years ago
How much do taxes take out of your paycheck?
Alekssandra [29.7K]
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Let's say you made $4,000

You really only receive
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It also depends if you have other bank accounts such as retirement savings or college payments.
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3 years ago
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