The designers of the Federal Reserve Act meant to create a central bank that would be able
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Question:
The designers of the Federal Reserve Act meant to create a central bank that would be able to supply the economy with
A. a currency whose supply is fixed especially during years with large budget deficits.
B. an inelastic currency that would not change regardless of the business cycle.
C. a currency whose supply is fixed especially during economic recessions.
D. an elastic currency that would expand and contract depending on the business cycle.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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