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dmitriy555 [2]
2 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]2 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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​In the context of consumer learning, which of the following statements is true of direct experience?​ Select one:
dimulka [17.4K]

Answer: Information acquired is extremely vivid.

Explanation: Consumer learning involves consumers acquiring knowledge about a product consciously or unconsciously which directly affects their view of the product.

Since the knowledge gotten about the product is directly gained by the consumer, it creates a clear and lasting impression on them.

8 0
3 years ago
Keenan wants to incorporate his business. He buys business cards and labels with the name "Keenan’s Kwips" on them and begins se
Charra [1.4K]

Answer:

The correct option is b. de jure corporation.

Explanation:

A de jure corporation is a business that has fulfilled all the requirements mandated under the law of its state incorporation statute and has had limited liability protection granted to the corporation. De jure means "a matter of law," which validates the corporation as a legal entity.

It is created when steps are taken to incorporate, but not all of the statutes are in compliance. With a de facto corporation, it is not protected if the state challenges it in a "quo warranto" proceeding. It is protected against third parties.  

Courts can decide on a finding of de facto if three requirements are met by the corporation:

• A statute must be in existence that allows legal incorporation.

• The corporation has attempted to comply with the statute, which is considered a good faith effort.

• There has been actual use or the exercise of the corporate franchise.

6 0
2 years ago
Holdt Inc. produces and sells a single product. The selling price of the product is $230.00 per unit and its variable cost is $6
katovenus [111]

Answer:

A. $1,300 units

Explanation:

Data provided

Fixed expenses = $212,290

Product price = $230.00

Variable cost = $66.70 per unit

The calculation of  break-even in monthly unit sales is shown below:-

Unit sales to break even = Fixed expenses ÷ Unit Contribution Margin

= $212,290 ÷ ($230.00 per unit - $66.70 per unit)

= $212,290 ÷ $163.30 per unit

= $1,300 units

Therefore for computing the units sales to break even we simply applied the above formula.

3 0
3 years ago
the term economists use to describe a situation in which the economy’s overall price level is rising is
dangina [55]

Answer: i would guess it would be inflation, but im not sure. thats my best guess.

Explanation: if the overall pricing of things is rising its inflation

6 0
3 years ago
Elisa and Clyde operate a retail sports memorabilia shop. For the current year, sales revenue is $55,000 and expenses are as fol
romanna [79]

Answer:

A. AGI $17,000

B. Chelsie cannot deduct the $1,000 payment on her tax return reason been that Chelsie is not in anyway entitled to a tax return deduction.

Explanation:

a. Calculation for Elisa and Clyde's AGI.

Sales revenue $55,000

Less Cost of goods sold ($21,000)

Advertising ($1,000)

Utilities ($2,000)

Rent ($4,500)

Insurance ($1,500)

Wages to Boyd ($8,000)

AGI $17,000

Based on the above calculation Elisa and Clyde can deduct the amount of $8,000 from the wages amount they paid to Boyd and secondly both Elisa and Clyde cannot deduct the amount of $1,000 that was paid by Chelsie.

b. Chelsie cannot deduct the amount of $1,000 which is the payment on her tax return reason been that Chelsie is not in anyway entitled to a tax return deduction.

7 0
2 years ago
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