The Federal Reserve Act of 2000 says that the Fed "shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production.

Explanation:

The Act was created in 1913 and signed by the then ruling president as a way of establishing economic stability. This act introduced the central bank to oversee the state monetary policies. The law was established to set out the structure, purpose and function of the Reserve System.

Due to recession and other financial crisis prior to 1913, investors lacked trust in bank systems, therefore the act was passed to bridge the gap between citizens and the banking system. Over the years it has been amended by Congress to keep up with the changing financial times.

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3 years ago

Who controlled Alexander's empire after his death?

umka2103 [35]

Cassander, Lysimachus, Seleucus, Ptolemy I Soter, and Chandragupta Maurya

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2 years ago

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What do the examples of "third gender" that are explored in "global perspective: different societies, different genders" demonst

vodka [1.7K]

The examples of third gender demonstrates how in different cultures everything is not strictly male or female and that there can be some fluidity in gender classification and identification.

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3 years ago

Which fact is true? 1. the presence of guns in the home does not affect levels of violence 2. in the bobo doll experiments by ba

vfiekz [6]

Watching the Bobo doll being pounded on TV by an adult has the same inference for a child or adult as if it were happening right in from of them because whether it is on a metal box or right in front of us, we are able to discern that the deed is actually happening. We can actually see it happening.

4 0

3 years ago