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QUESTION 10 What are some functions of the FED? 1
QUESTION 10 What are some functions of the FED? 1. Issue currency. 2. Lend money to the public. 3. Set reserve requirements. 4. Supervise banks. 1, 2, and 3. 0 , 1, 3, and 4. 1, 2, and 4. 1, 2, 3, and 4.
QUESTION 8 In a world without money, life would be inconvenient. Suppose Professor Franz would like to drink some wine, she would have to find a bartender that is willing to sell her a glass of white wine in exchange of an economics lesson. This is called consequential exchange of goods and services. double coincidence of want laissez faire capitalism a universal measurement of value. ???
QUESTION 2 In the bar, Professor Franz is able to compare the price of a glass of Gewurztraminer and a glass of Riesling, because their prices are listed in U.S. dollars. This example demonstrates the function of money as medium of exchange. unit of account. store of value. raising the utility.
Expert Solution
Answer
Here ,the correct option is ( B ) i.e 1, 3 and 4 .
Explanation :
FED ( Federal reserve system) is the sole body and it has the authorisation of issuing currency notes. It is the central bank so it controls and supervises all the other banks. It also Perform the function of setting up the reserve requirement by which it increases or decreases money supply in the economy and influence interest rates.
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