Suppose that the U.S. Constitution were amended to include the following: Congress shall establish a central bank
Question:
Suppose that the U.S. Constitution were amended to include the following: “Congress shall establish a central bank that will be responsible for conducting the monetary policy of the United States.” What effect would such an amendment be likely to have on the Fed?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
The amendment would decrease some external pres...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
Question Posted:
Students also viewed these Business questions
-
Suppose that the U. S. division could sell as many broadband routers as it makes at $ 450 per unit in the U. S. market, net of all marketing and distribution costs. Required 1. From the viewpoint of...
-
Suppose that the U.S. net foreign debt is 25 percent of U.S. GDP and that foreign assets and liabilities alike pay an interest rate of 5 percent per year. What would be the drain on U.S. GDP (as a...
-
Suppose that the U.S. personal income tax system became a flat tax system, in which all taxpayers paid a certain percentage of their incomes in tax, and in which there are no exemptions or...
-
This case will enable you to practice conducting planning and substantive analytical procedures for accounts in the revenue cycle. When analyzing the financial data, you may assume that the 2015...
-
A major automobile manufacturer located in Georgetown, Kentucky, has two certified vendors that produce brake pads with the following information. Audubon Manufacturing is located in Columbus, Ohio,...
-
If a country grows such that, a constant relative prices, the production of its export good rises by 5 percent and the production of its import competing good rises by 15 percent( and these are the...
-
Consider the stock and bond lattices on the left of Figure 14.18. Each has unit cost of \(\$ 1\) with the payoffs shown at the end nodes. There is a new asset available-a derivative of the first two...
-
Beginning inventory, purchases, and sales for ZT901 are as follows: Assuming a perpetual inventory system and using the weighted average method, determine (a) The weighted average unit cost after the...
-
1. Please describe in detail the differentiation advantages that Southwest Airlines has (if they have any) over its rivals. 2. Please explain why these advantages are sustainable.
-
Shaving is a process that most men perform each morning. Assume that the process begins at the bathroom sink with the shaver walking (say, 5 feet) to the cabinet (where his shaving supplies are...
-
What is the purpose of the Government in the Sunshine Act? In your opinion, was Fed Chairman Bernanke justified in evading the requirements of this act during the financial crisis of 20072009?...
-
Defending the presence of bankers on the boards of directors of the Federal Reserve Banks, Jeffrey Lacker, president of the Federal Reserve Bank of Richmond argued: This hybrid governance model has...
-
What is a value-added network?
-
What concerns should a sport organization contemplate when negotiating future payments from sponsorships or other long-term agreements?
-
An object that is \(40 \mathrm{~mm}\) tall is placed \(60 \mathrm{~mm}\) in front of a converging thin lens. If the image is inverted and \(80 \mathrm{~mm}\) tall, what are \((a)\) the distance from...
-
What is a stock market index? What is an index designed to accomplish?
-
What is a basis point? How does a change in a few basis points affect a loan?
-
List actions that a government can take to establish its fiscal policy. What are some fiscal policies specifically targeted to the sport industry?
-
What is the Consumer Price Index and what does it reflect?
-
Figure displays a 12.0 V battery 3 four uncharged capacitors of capacitances C1 = 4.00F, C2 = 6.00F, and C3 = 3.00F. The switch is thrown to the left side until capacitor 1 is fully charged. Then the...
-
Explain family brands. Should Best Buy carry its own dealer brands to compete with some of the popular manufacturer brands it carries? Explain your reasons.
-
In the past, Sears emphasized its own dealer brands. Now it is carrying more well-known manufacturer brands. What are the benefits to Sears of carrying more manufacturer brands?
-
What does the degree of brand familiarity imply about previous and future promotion efforts? How does the degree of brand familiarity affect the Place and Price variables?
-
Watch the Video "Types of Risks - Risk Management in Banks" https://youtu.be/8QjCdwhPT8U Provide a one paragraph answer to each of the following questions: In your opinion, what type of bank risk has...
-
4. A product manager prepared the following forecasts for a product line: 0 1 2 3 4 5 6 and later + + + + + $2m $2m $3m $4m $4m g=2.5% If the appropriate discount rate is 8.5%, what is the present...
-
Assume the following ratios are constant: Total asset turnover Profit margin Equity multiplier Payout ratio 3.10 6.0% 1.50 20% What is the sustainable growth rate? (Do not round intermediate...
Study smarter with the SolutionInn App