Essay on Personal Fiance Assignment 10

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Assignment 10: National and Global Finance
(16.0 points)
1. Choose an example of a type of new company you could start, and then use this company idea to answer the questions below. You might choose a pet store, a restaurant, a tutoring business, or something else. This can be the same type of company you chose in assignment 8 or 9, or it can be different.
a. Describe the type of business you chose. (1-2 sentences. 0.5 points)

-A grocery store.
b. Describe at least two ways in which the local, state, or federal government would have an impact on your business. (2-4 sentences. 1.0 points)

-The state government would impact my business’s profit because we have to pay taxes for what we sell.

-The federal government would
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(2-4 sentences. 2.0 points)

- Inflation happens, that’s when the value of the dollar raises, not everyone gets higher wages when that happens, but things end up getting more expensive, causing consumers not to buy stuff.
5. Which Fed tool do you think is most important, and why? (2-4 sentences. 1.0 points)

-Probably the Reserve Requirements, if they didn’t have that the bank would be able to screw the government and anyone who uses the bank.

6. Choose one of the following government agencies or laws: FTC, EPA, FDA, CPSC, OSHA, FLSA, EEOC, ADA, SEC, or Affirmative Action. Search online to learn more about the agency or law, and then describe three specific things the law or agency accomplishes. Make sure the information comes from a trustworthy website. Include a link to the website in your answer. (3-6 sentences. 1.5 points)

-The EPA is all about helping and protecting nature and our selves, they have passed many laws to keep us safe. Some of these laws include: C.A.A., or the Clean Air Act. This is a Federal law they passed to make sure we’re not releasing too much emission into the air, or releasing really bad things. Another law they have passed is the C.W.A., or Clean Water Act, this is also a Federal law, it protects our water systems from getting infested with pollution and toxic chemicals, without this we could lose our fishing
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