Answer:
The Federal Reserve System's main duties include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services. The Federal Open Market Committee is the Fed's monetary policy-making body and manages the country's money supply.
Explanation:
This question is a bit tricky to answer because it does not state how often interest rate is applied so lets say for the simple 5% interest rate the rate of interest was calculated after 2 years you would pay a total interest of $15 since interest was only calculated once but for the 3% calculating every year with compound it would be a total of 18.27 dollars in interest but then you would have to calculate the 5% simple interest the same way which would total to $30 if calculated once a year being more than the 3% compound. But lets say interest is calculated once a month your total for the 5% simple interest would be $360 dollars interest for those 2 years and the 3% compound would be $406.97 dollars in interest. So over all the less amount of times interest compounds the less interest there is making it more worth than the simple but if the compounding occurs more frequently the simple 5% interest is more worth it. In this situation I think it might just be yearly interest which makes the 3% compound more worth taking for this short amount of time.
The answer is President Herbert Hoover. His approach to
depression were:
1.
He tried to restore confidence in the economy by
asking business not to cut payrolls and labor not to ask for higher wages. Most
of them initially agreed until 1931.
2.
He also cut taxes and pressed the Federal
Reserve Board to cut interest rates to make borrowing easier.
3.
He procured $2 billion for public works
projects.
4.
He established the Reconstruction Finance
Corporation and the Home Loan Bank Act to assist businesses and head off some
foreclosures but he was a fiscal conservative who said we couldn't
"squander our way to prosperity," and so he disparate further
spending plans.
Answer:
Explanation:
Let D be the event that the lost card is a diamond
and D' be the event that the lost card is a non diamond
Therefore,
P(D) = 
= 0.25
P(D') = 
= 0.75
Now,
Event that the cards picked up are both diamonds = A
Thus,
P( A | D) = 
[ As One Diamond Card is lost ]
And,
P(A | D') = 
[ As One Non-Diamond card is lost ]
Therefore,
P(A) = P(D) × P(A | D) + P(D') × P( A | D')
= 0.25 × + 0.75 ×
=
