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timofeeve [1]
3 years ago
12

How does the government and money work etc​

Social Studies
1 answer:
irakobra [83]3 years ago
5 0

Explanation:

The Fed creates money through open market operations, i.e. purchasing securities in the market using new money, or by creating bank reserves issued to commercial banks. Bank reserves are then multiplied through fractional reserve banking, where banks can lend a portion of the deposits they have on hand.

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Why are natural resources important to Australia’s economy
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Natural resources are important to study, because they're drivers of modern economics. The natural resources of Australia include most famously coal, iron ore, and gold. Metals like iron ore and gold total 28% of Australian exports, but coal isn't far behind at 18%.

Explanation:

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