Open market operations are the tecniques used by the Federal Reserve, and other monetary authorities, to modify the money supply, in other words, to modify the amount of money in circulation in the economy.
These operations consist on either buying or selling government bonds, depending on whether the aim is to increase or decrease the money supply, respectively. These market operations affect interest rates, which function as the price of money.
- When buying bonds, the money paid for them is put into circulation. Therefore, if the amount of money in circulation increases, the price of money will react negatively and decrease. Interest rates will be lower, it will be cheaper to obtain funding and investing becomes less profitable. In this scenario, the money supply will boost.
- When selling bonds, the effects are exactly the oppostite. The supply of money decreases and interest rates go up.
The Three Governor's controversy was a succession controversy in Georgia in 1947 that occurred when Eugene Talmadge died before being sworn in.
Ellis Arnall, the outgoing governor, Melvin E. Thompson, the lieutenant governor-elect, and Herman Talmadge, Eugene Talmadge's son all claimed the Governor's seat.
Thompson was sworn in eventually.
Answer:
Explanation:
The relationship existing between a hypothesis and a scientific law is:
They both analyze if given explanations really work.
Both of them test suggestions in order to see if they are real.
Both require further investigation in order to demonstrate if they can be applied or not.
In the initial stages both of them start as very tentative.
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Answer:
An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning cost objects such as products or services.
Explanation:
This is a costing system that works by allocating costs to different cost items based on the activity level of these items. This as opposed to traditional costing methods, assigns indirect or overhead cost to products or services less arbitrarily through identifying products or services with most activity or less activity and allocating costs to them based on this measurement.
