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
umka21 [38]
3 years ago
8

The Federal Reserve System (the 'Fed') was created by the Federal Reserve Act, passed by Congress in 1913, and began operations

in 1914. Like all central banks, the Federal Reserve is a government agency. All of the following statements are true about the Fed except:
a. the Federal Reserve is the "lender of last resort.
b. it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
c. it focuses on making a profit like commercial banks.
d. it has the power to supervise and regulate banks.
Business
1 answer:
ohaa [14]3 years ago
3 0

Answer:

b. it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

Explanation:

This is generally what the federal reserve does, and they try to stop both deflation and inflation

You might be interested in
You are ready to retire. A glance at your 401K statement indicates that you have $750,000. If the funds remain in an account ear
Bumek [7]

Answer:

Using the compounding formula we can calculate the amount that I will earn by calculating the difference between the Future value of the investment and the amount invested.

Step 1 Find Future Value

FV = Present Value * (1+r)^n

So

Future Value = $750,000 * (1+9%)^1

FV = $817,500

Step 2 Find the Difference between he Future value of the investment and the amount investment

And the amount invested is $750,000

The amount I can withdraw = FV less The amount invested

The amount I can withdraw = $817,500 - $750,000 = $67,500

So the amount that I will earn and I can withdraw annualy is $67,500.

8 0
3 years ago
g Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated
jeka94

Answer:

Total overhead for O6 697,933

Explanation:

First, we solve for the activity rates:

\left[\begin{array}{ccccc}$Activity&$Driver&$cost pool&$Total base&$Rate\\Processing&MHS&51000&16240&3.14\\Supervising&batches&31600&1230&25.69\\\end{array}\right]

Then, we apply this rate to the Product O6 base cost driver  values

\left[\begin{array}{ccccc}Activity&base&Allocate O6\\Processing&15600&48984\\Supervising&810&20,809\\Total&&69,7933\\\end{array}\right]

3 0
3 years ago
Alicia's credit card statement for July read as follows:
ioda

Answer:

$495.5  

Explanation:

The closing balance will the opening balance plus additional charges minus the payments made.

Opening or previous balance = $547.00

New charges: $238.31

Finance charge: $8.21

Total new charges =$238.31 +$8.21= $246.52

Payments =  $299.00

New Balance at end of July

=$547.00 + $246.52- $299

=$794.5 -$299.0

=$495.5  

3 0
2 years ago
Which of the following is closely associated with the diversification strategy?
vredina [299]

Answer: b

Explanation:

Diversification strategies are used to expand firms' operations by adding markets, products, services, or stages of production to the existing business. The purpose of diversification is to allow the company to enter lines of business that are different from current operations. When the new venture is strategically related to the existing lines of business, it is called concentric diversification. Conglomerate diversification occurs when there is no common thread of strategic fit or relationship between the new and old lines of business; the new and old businesses are unrelated .

Diversification is a form of growth strategy. Growth strategies involve a significant increase in performance objectives (usually sales or market share) beyond past levels of performance .

5 0
3 years ago
On January 1, 2020, Rainbow Company paid cash to purchase an automobile. The car dealer gave Rainbow a $3,000 cash discount off
zaharov [31]

Answer:

Rainbow Company

The percentage depreciation Rainbow will use is:

= 40%

Explanation:

a) Data and Calculations:

Purchase (list) price =   $31,000

Cash discounts =            (3,000)

Additional interior cost   5,000

Net purchase price = $33,000

Salvage value =             (5,000)

Depreciable amount = 28,000

Estimated useful life = 5 years

Double-declining-balance method of depreciation:

Depreciation rate = 100/5 * 2 = 40%

Estimated usage for the car = 140,000 miles

Annual usage:

Year 1 = 20,000

Year 2 = 30,000

Year 3 = 40,000

Year 4 = 30,000

Year 5 = 20,000

January 1, 2026 sales proceeds = $6,000

3 0
3 years ago
Other questions:
  • Assume that MTA Sandwiches sells sandwiches for $7.20 each. The cost of each sandwich follows. Materials $ 2.70 Labor 0.90 Varia
    9·1 answer
  • Which area of the brain is most closely associated with sleep and dreaming, as well as coordinating well-practiced body movement
    8·2 answers
  • A company exhibits strategic intent when ______.
    6·2 answers
  • Conversion and direct materials are generally both added at the end of the production process. true or false
    11·1 answer
  • A 20-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 8%. Find the bond equivalent
    8·1 answer
  • Industries that are viewed as specialty (instead of a commodity) have a high level of rivalry?
    8·1 answer
  • Put the phases of the business cycle in the correct order in which they follow a recession.first phase depression recovery boom
    14·1 answer
  • Why do credit cards not want you to pay your balance in full? explain the costs associated with a credit card.
    11·1 answer
  • Cameron Manufacturing Co.'s static budget at 5,000 units of production includes $40,000 for direct labor and $5,000 for variable
    5·1 answer
  • Question 4 of 10
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!