Answer:
Federal funds.
Explanation:
The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
- Controlling the issuance of currency in United States of America (it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets).
- Providing banking services to all the commercial banks in the country (the Federal Reserve is the "lender of last resort).
- Regulating banking activities (it has the power to supervise and regulate banks).
When a bank has excess reserves and the bank loans those excess reserves to other banks that need to borrow to meet their reserve requirements, the excess reserves that are loaned are called federal funds.
Answer:
Option $6,000
Explanation:
Data provided in the question:
Cost of the machine acquired = $30,000
Classified useful life = 5 years property
Now,
The MARCS rate for 5 years property, the depreciation rate is 20%
Therefore,
The depreciation for the year 2019 will be
= 20% of the Cost of the machine acquired
= 0.20 × $30,000
= $6,000
Hence,
Option $6,000
The amount by which federal spending exceeds revenue in a given year is known as budget deficit. Having a budget deficit means that the government spent more money than they made in a current year. When this happens the government owes money to others because they had to borrow from accounts to pay off debt.
Answer:
Project A's payback period = 2.23 years
Project B's payback period = 3.3 years
Explanation:
project A project B
initial investment $290,000 $210,000
useful life 6 years 11 years
yearly cash flow $83,653 + $46,500 $46,000 + $17,727
= $130,153 = $63,727
salvage value $11,000 $15,000
payback period $290,000 / $130,153 $210,000 / $63,727
= 2.23 years = 3.3 years
A progressive tax takes a larger percentage of income from high income groups than from low income groups and is based on the concept of ability to pay.
