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
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.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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