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sweet-ann [11.9K]
2 years ago
9

Explain the purpose and function of the Electoral College. How are its members chosen? How does the Electoral College reflect th

e will of the people?
Social Studies
1 answer:
Tasya [4]2 years ago
3 0

Answer:

Established in Article II, Section 1 of the U.S. Constitution, the Electoral College is the formal body that elects the President and Vice President of the United States.

Explanation:

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Which of the following statements is true?
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The true statement is that: <em>There is an inverse relationship between the </em><em>quantity of money</em><em> demanded and the </em><em>interest rate.</em>

In economics, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

An interest rate can be defined as an amount of money that is charged as a percentage of the total amount borrowed by a borrower from a creditor or financial institution.

On a related note, there exist an inverse relationship between the quantity of money demanded by a borrower and the interest rate charged by a creditor or lender. Thus, when the interest rate is high, the quantity of money demanded decreases (falls) while the quantity of money demanded increases (rises) when the interest rate is low.

<em>In conclusion, borrowers are more likely to demand for</em><em> money</em><em> when the </em><em>interest rate</em><em> is low and vice-versa.</em>

<em />

<em>For more information on money supply, visit: brainly.com/question/15344073</em>

5 0
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Rylee's algebra teacher is amazed at the creativity Rylee shows in solving homework problems. He seldom uses the same method on
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b. mental set in his problem-solving.

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Hello! Instead of doing homework in the traditional way and only using one way to solve algebra exercises, Rylee strives to find different options and techniques. Not falling into the monotonous is his work style, nor using the same techniques that I use to solve a previous exercise since that gives more room for error.

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