Federal reserve banks as well as the federal government like to calculate simple interest based on: (points : 2) exact interest, ordinary interest using 30 days in each month using 31 days in each month exact interest none of these

The correct answer is A) Exact interest.

Federal Reserve Banks as well as the Federal government like to calculate simple interest based on exact interest.

The exact interest in the United States is the interest that is paid based on 365 days of banking operations. It is different than the ordinary interest that takes 360 days of calculation. Those five days of difference represent a considerable sum of money when we are talking about large operations. That is why Federal Reserve Banks as well as the Federal government like to calculate simple interest based on exact interest.

facts: the 14th amendment

the 14th amendment addresses citizenship rights and equal protection of the laws.

the 14th amendment was intended to protect the rights of former slaves after the american civil war.

the 14th amendment was approved by congress in june of 1866 and ratified by the states on july 9, 1868.

the 14th amendment establishes that all persons born in the united states are citizens and are guaranteed all the rights of citizenship.

the 14th amendment establishes that the law protects all citizens equally.

in this case the passage of the 14th amendment   that was violated was the last part in which it states that there is equal protection of the law.

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