The creation of money is a. Entirely the purview of Congress. b. Entirely the purview of the
Question:
The “creation” of money is
a. Entirely the purview of Congress.
b. Entirely the purview of the Federal Reserve.
c. Formally the purview of the Federal Reserve, constitutionally the purview of Congress, but banks have a practical means of creating money.
d. Entirely subject to the whims of the banking system.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
c Formally the purview of the Federal Reserve constitutionally the purview of Congress but banks h...View the full answer
Answered By
Rashul Chutani
I have been associated with the area of Computer Science for long. At my university, I have taught students various Computer Science Courses like Data Structures, Algorithms, Theory of Computation, Digital Logic, System Design, and Machine Learning. I also write answers to questions posted by students in the area of and around Computer Science.
I am highly fortunate to receive great feedback on my teaching skills that keeps me motivated. Once a student sent me an email stating that I had explained to him a concept better than his professor did.
I believe in the fact that "Teaching is the best way to learn". I am highly fascinated by the way technology nowadays is solving real-world problems and try to contribute my bit to the same.
Besides tutoring, I am a researcher at the Indian Institute of Technology. My present works are in the area of Text Summarization and Signal and Systems.
Some of my achievements include clearing JEE Advanced with an All India Rank of 306 out of 1.5 million contesting candidates and being the Department Ranker 1 at my University in the Department of Computer Science and Engineering.
I look forward to providing the best Tutoring Experience I can, to the student I teach.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Discretionary fiscal policy is the purview of a. Congress only. b. The president only. c. Congress and the president collectively through law. d. The Federal Reserve.
-
The court answers two entirely separate questions in this case. What are they?
-
The researchers at IAAI have forecasted positive trends for both job creation and consumer confidence. Which, if either, of these trends should have a positive affect on stock prices? Institutional...
-
Starting one month from now, you need to withdraw $210 per month from your bank account to help cover the costs of your university education. You will continue the monthly withdrawals for the next...
-
Extend skew heaps to support the decreaseKey operation in O(logN) amortized time.
-
It is desired to study the velocity v of a fluid flowing in a smooth open channel. Assume that: where r is the characteristic length of the channel cross-sectional area divided by the wetted...
-
Describe some business and economic conditions that might make the lower-of-cost- or-market rule more likely to be used.
-
Prepare the general journal entries needed to record the following transactions and events in the general ledger accounts of the Valdes Helping Hand Institute, a nongovernment VHWO: 1. Contributions...
-
what are the implications of low flexibility by a service-providing company? what are the implications of high costs for a service-providing company?
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Atropine, extracted from the plant Atropa belladonna, has been used in the treatment of bradycardia (low heart rate) and cardiac arrest. Draw the enantiomer of atropine: CH 0= -
-
The distinct feature of the marginal cost curve in the analysis of venues is that it is a. A vertical line. b. A horizontal line. c. A check-shaped curve. d. A backward L.
-
Early last year, Hazel purchased 100 units of Sky mutual fund for $12 per unit. She received a T3 from the fund for last year showing the following distributions from the fund, all of which were...
-
What are your strengths when it comes to interpersonal communication? What areas do you plan to develop?
-
____________ in the workplace refers to feelings of closeness, trust, and affection in professional and interpersonal relationships with coworkers, clients, or bosses.
-
Differentiate earnings from cash.
-
Describe the components of a public sale of securities.
-
____________ means practicing the behaviors of social etiquette or good manners in a professional setting.
-
The data set provided contains last months credit card purchases of 500 customers randomly chosen from a segment of a major credit card issuer. The Marketing Department is considering a special offer...
-
Highland Theatre is owned by Finnean Ferguson. At June 30, 2014, the ledger showed the following: Cash, $6,000; Land, $100,000; Buildings, $80,000; Equipment, $25,000; Accounts Payable, $5,000;...
-
Many producers are now seeking new opportunities in international markets. Are the opportunities for international expansion equally good for retailers? Explain your answer.
-
Discuss how computer systems affect wholesalers and retailers operations.
-
Consider the evolution of wholesaling in relation to the evolution of retailing. List several changes that are similar, and several that are fundamentally different.
-
Compute the estimated inventory at May 31, assuming that the gross profit is 30% of sales. 5. (5 points) The records of Air Bud's Boutique report the following data for the month of April. Purchases...
-
1. What is a forward contract? 2. Why do you need fx swap ? 3. If the rate is usd to cad, then you multiple by the rate. If converting USD to CAD. If the rate is CAD to USD, then you have to divide...
-
The number 81 64. 1/4 is equivalent to:
Study smarter with the SolutionInn App