1 鈥?One of the reasons that the U.S. Government started the Federal Reserve system was to:
A 鈥?keep the banking power of the U.S. spread out among various districts.
B 鈥?make sure that the U.S. banks were obeying laws regarding banking.
C 鈥?have a place for banks to deposit excess deposits.
D 鈥?provide consumers with access to funds for business expansion.
2 鈥?Keynesian economics failed to deal successfully with:
A 鈥?World War II.
B 鈥?the Great Depression.
C 鈥?high inflation during the 1970s.
D 鈥?low unemployment rates during the 1960s.
Thank you so MUCH!
Multiple..CHOICE!!?fha loan
Whoops I think I answered this question twice... oh well, here%26#039;s the same answer I gave before:
1 - A.
The Fed is not really the enforcer of banking regulations (B), it is the one who makes the regulations. Banks do not deposit excess deposits in the Fed (C), they will loan them out again and make more money off interest. Lastly, consumers do not have any access to the Fed (D) only banks.
2 - C.
Keynesian economics focuses on fiscal policy, which is a poor solution to higher inflation rates. Instead, critics argue, monetary policy should be the primary tool in stabilizing the economy, with fiscal as the secondary tool.
Multiple..CHOICE!!?
loan
None of the above:
The Federal Reserve System was created via the Federal Reserve Act of December 23rd, 1913.[14] The Reserve Banks opened for business on November 16th, 1914. Federal Reserve Notes were created as part of the legislation, to provide a supply of currency. The notes were to be issued to the Reserve Banks for subsequent transmittal to banking institutions. The various components of the Federal Reserve System have differing legal statuses.|||both answers are c
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