Answer:
a) it focuses on making a profit like commercial banks.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by Congress in 1913, and began operations in 1914. It is just like all central banks, the Federal Reserve is a United States government agency. The following are the responsibilities of the Fed Reserves System;
- It has the power to supervise and regulate banks.
- They promote public goals such as economic growth, low inflation, and the smooth operation of financial markets (monetary policies).
- The Federal Reserve is the "lender of last resort."
Answer:
C.
Explanation:
A higher interest rate means greater loss in money value being held by an individual. This is because the money would yield higher earnings by being in a savings account. Consequently, higher interest rate means less demand for money.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
It should be noted that the relatively homogeneous and enduring divisions in a society, which are hierarchically ordered and whose members share similar values, interests, and behavior constitute a Social classes.
<h3>What is a Social classes?</h3>
Social classes can be regarded as the society's relatively divisions which involves member that share similar values as well as behaviors.
Learn more about Social classes at;
brainly.com/question/1065123
Answer:
10%; 16%
Explanation:
Given that,
Real GDP in the first quarter of 2016 = $10 billion
Real GDP in the first quarter of 2017 = $11 billion
Increased from the fourth quarter of 2016 to the first quarter of 2017 = 4%
Growth rate from the first quarter of 2016 to first quarter of 2017:
= 
= 
= 10%
Real GDP growth rate is as follows:
= 4% × 4
= 16%
