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gogolik [260]
2 years ago
15

Classify each statement about the Federal Reserve System as either true or false.

Business
1 answer:
marshall27 [118]2 years ago
8 0

Answer:

b. The Federal Reserve was established by the U.S. Constitution in the late 1700s. FALSE.

There is no mention of the Federal Reserve or an institution like it in the Constitution which is why establishing a national bank faced so much opposition for years until the Federal Reserve Structure was put in place.

c. The national objectives of the Federal Reserve include promoting economic growth, full employment, stable prices, and moderate interest rates. TRUE

The Fed aims to improve the economy of the United States by bringing about growth, full employment and stable prices as well as moderate interest rates.

d. All Federal Reserve actions are subject to veto by the executive branch. FALSE.

The FED is independent of the Executive branch which means that it is not subject to vetos from it. They do however work together to ensure economic stability.

e. The Federal Reserve determines monetary policy in the United States. TRUE.

As the central banking system of the United States, the Fed determines the monetary policy of the U.S.

f. The Federal Reserve was created by the Federal Reserve Act of 1913. TRUE.

The Federal Reserve was created by an Act of Congress called the Federal Reserve Act in 1913 whereupon it was signed into law by President Woodrow Wilson.

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B. $700

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8 0
2 years ago
Which of the following is considered a service in the calculation of gdp?
Alik [6]

Answer:

A)Tax preparation

Explanation:

Gross domestic product is the sum total of all goods and services produced by a country within a given period.

Goods are tangible products that are produced by the country and in this scenario includes photographs, reclining chairs, and photographs.

Services on the other hand are those intangible actions that produce value to the end user. An example of service is tax preparation.

If an individual requires his taxes to be prepared but does not have the skill to do it. They will hire someone to do it and pay for the service.

7 0
3 years ago
Which of the following refers to the costs of production that fluctuate depending on the number of units​ produced? A. Total cos
Natalka [10]

Variable cost refers to the costs of production that fluctuate depending on the number of units​ produced.

<h3><u>Explanation:</u></h3>

The cost of any product that changes based on the quantity of goods that are produced. The volume that is produced decides the fluctuations in the variable cost. Fixed cost is the cost that will not change based on the number of units of the goods that is produced. Rent of a building can be considered as a fixed cost.

Example for variable cost may be raw materials cost, packaging cost,etc. Variable cost can be calculated by adding up the cost of labor and raw materials that are used in the production of one unit of a good. The total variable cost can be calculated by multiplying   variable cost per unit with the number of units produced.

3 0
3 years ago
Investments in debt securities that the company actively manages and trades for profit are referred to as short-term debt invest
boyakko [2]

Answer: c. trading securities.

Explanation:

Trading securities are short term debt securities that a company buys in order to make a profit in that short term period. They actively manage and trade these securities and then trade them for profit.

It is an excellent way to gain return for any excess cash that the business has and they only invest in such things when they believe that there is a good chance of profit being made.

7 0
3 years ago
When President Obama was president he had discussed raising income taxes for individuals earning over $250,000 in income. Explai
Allisa [31]

Answer:

A) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B)

i) Change in input price

ii) Change in production cost

iii) Increase in labor supply or increase in capital stocks

Explanation:

A) Effects of higher income taxes on aggregate demand curve

i) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B) The factors that will cause the short-run aggregate supply curve to shift

a) Change in input price

b) Change in production cost

c) Increase in labor supply or increase in capital stocks

7 0
3 years ago
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