Answers: 1
History, 22.06.2019 08:00, dukkchild666
During the 1920s, the federal reserve increased the money supply and kept interest rates very low, encouraging consumer spending and the brisk borrowing of money. business investment and the expansion of businesses grew rapidly during the 1920 to meet the needs of this huge consumer spending. however, during the crash of 1929, the federal reserve reversed its expansionary monetary policy and cut off the money supply by almost 30%, causing banks to not have enough currency on hand when depositors wanted their hard-earned money. after reading the prompt, what can you surmise happened next that contributed to the great depression? a) black tuesday b) collapse of banks c) high unemployment d) election of franklin d. roosevelt
Answers: 2
History, 22.06.2019 10:30, fordkenae
Why is the federal reserve managed under the oversight of the federal government? the fed is responsible for printing and coining money. the fed is responsible for collecting income taxes. the fed is responsible for the government’s money. the fed is responsible for paying off government debt.(the first option isn't correct i tried that one)edit: the answer is the fed is responsible for the government’s money.
Answers: 3
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