An opinion column in the New York Times noted that private borrowers cannot create money from thin
Question:
An opinion column in the New York Times noted that “private borrowers cannot create money from thin air” as the Federal Reserve can. Briefly explain how the Federal Reserve can “create money.” Does it have to print more currency to create money?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The Federal Reserve the central bank of the United States has the ability to create money through a ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
1+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
