The answer is B, banks must have the cash in vaults or a reserve bank
True. Knowing one's strengths and weaknesses helps assess situations with better information, this also helps leaders use other tools or advisers in areas they may fall short.
China 100 years ago was conflicting with what was being taught. The Qing Dynasty was strict on what was being taught, and set it up to where you were learning what they viewed as being acceptable.
Yes, I agree with the statement of "It is in the best interest of our economy for Congress and the President to run a balanced budget each year".
<h3><u>Explanation:</u></h3>
It sounds like a balanced budget can be helpful in coping up with fluctuations in government financial accounts or the difference in surpluses and deficits. But the situation of a balanced budget is completely against the economics terms as it could worsen the severity of economic fluctuations.
This can work for a short period of time but for a long period of time it can disrupt the economy as the fiscal policy need to be flexible to enough to match up the expense with incomes. A balanced budget could be rigid for the economy. But the rise of interest on domestic debt gives an alarm for drastic fall in economy. Therefore it is better to go by the balaced budget each year.