A central bank is a government-run organization that oversees the currency of a nation or a group of nations and regulates the money supply, or the total amount of money in circulation. Price stability is a primary goal for many central banks.
<h3>What is a central bank and what are its duties?</h3>
An independent national body known as a central bank manages monetary policy, oversees bank regulation, and offers financial services, such as economic research. Its objectives are to maintain low unemployment, avoid inflation, and stabilize the national currency.
<h3>Give an illustration of what a central bank is.</h3>
Economic and monetary policy, as well as the stability of the financial system, are under the control of central banks. These organizations determine interest rates and manage the nation's money supply. One of the world's most potent central banks is the U.S. Federal Reserve.
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Answer:
Not a single person.
Explanation:
In the essay "I, Pencil" by Leonard E. Read, the author says that though about one and one-half billion pencils are produced in US alone each year, he says that not a single person in the whole earth knows how to actually make a pencil.
The author says that the economy of the country could never be systematically planned when not even a single person possesses the skills to even make a pencil. The writer uses the word 'pencil' to represent the most simplest tool yet how no one actually has the skills to make one in the country.
Answer:
A. Tommy finding it easier to remember the materials on an exam while taking it because he was sad while studying for the exam
Explanation:
State dependent memory is when a person tends to remember more information when emotional state is the same at the period of encoding or learning and retrieval.
For example in this scenario Tommy is able to remember more information from when he was studying because he was sad at the time.
Having a similar emotional state during the exams made him to recall more of what he had learnt.
This is mainly dependent on internal environment of the individual.
Answer:
d) in a republic, elected individuals, rather than citizens themselves, have the direct power to make most governmental decisions
Explanation:
In a republic state, the power is held by the people and their elected representatives, who choose a president instead of a monarch. On the other hand, a democracy is a system formed by the whole population, who usually chooses their representatives. As a result, the direct power in a republic is held by the people's representatives in the Congress, while power in a democracy is typically held by the population itself.