Open Market Operation is a tool of monetary policy in which the Federal Reserve buys and sells government securities. It is the major tool the Fed uses to affect the supply of reserves in the banking system. The market is open, which means that the Fed doesn’t decide on its own which securities dealers it will do business with.
D is the answer general anthony
Decisions that were made by Second Continental Congress included:
- Elect George Washington as Commander in Chief
- Send the Olive Branch petition to King George
- Form Continental army
Explanation:
- The Congress, attended by representatives from each colony, was held just three weeks after the first shots were fired at the War of Independence, in Concord and Lexington, Massachusetts.
- Congress assumed many governmental duties and united the colonies to fight Britain.
- Congress soon assumed responsibility for the formation of the Continental Army, headed by George Washington of Virginia as its commander-in-chief.
- Members of Congress decided last time to try to solve the problem peacefully: they sent the King an "Olive Branch Petition". When that petition was rejected and the Prohibitory Act arrived in response to the British government, the last reasons for loyalty to the British crown disappeared.
Class: History
Level: Middle school
Keywords: Continental Army, George Washington, Congress, Olive Branch petition.
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