Answer:
D). The Federal Reserve.
Explanation:
As per the question, the 'federal reserve system' is the agency that is responsible for supervising the money supply in the United States. It is stated as <u>U.S.A's central banking system that it has a number of responsibilities to fulfill</u>. The primary responsibilities include the supervision of financial institutions, regulating the money supply in the economy, fiscal agent of the government of the United States. etc. Therefore, it primarily works for ensuring a stable, flexible, and guarded monetary as well as the financial system. Thus, <u>option D</u> is the correct answer.
Income not used for consumption is called saving, C.
Explanation:
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Answer:
Yes.
Insurance, by its very nature, socializes risks and losses while privatizing profits.
Explanation:
This has been the nature of insurance, health insurance inclusive. All insurance is about spreading (socializing) the risks so thinly that each affected person does not feel any heavy burden. A health insurance policy collects some amount of premium in order to cover unforeseen health risks for the insured. There is no policyholder who pays for the full cost of her policy. The cost is always spread out to the insuring public.
