Answer:
China ascended in the global community as the country with the fastest sustainable economic growth when it decided to become open to foreign businesses and investors.
This started when it implemented a free-market reform act which helped in an increase in its Gross Domestic Products by almost 10 percent thereby making it a big force in the global economy.
Answer:
victory ensured the success of Texan independence: In mid-May, Santa Anna, who had been taken prisoner during the battle, signed a peace treaty at Velasco, Texas, in which he recognized Texas' independence in exchange for his freedom
<span>A lower discount rate increases banks incentives to borrow reserves from the Federal Reserve, thereby Increasing the quantity of reserves in the banking system and causing the money supply to rise.
The Federal Reserve is the central bank of America and it uses the interest rates to influence the economic condition of the society. these interests comes from the other commercial banks that borrow the money from the federal reserve which comes plainly by the cash deposits.</span>