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- The Chairman of the Federal Reserve has been given the title as “The 2nd most powerful person in the Free World”. Would you agree with this statement? Why or Why Not?Summarize the Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems article from the New York Times. Descriptive (no more than one-half page in length). Provide a summary of the article you analyze. (What is the major idea or theme the author is describing, developing, or attempting to put forth? In what ways does the author expand on his/her major idea or theme? What conclusions does the author reach?) What I'm looking for here is a "bird's-eye view." NO QUOTES; NO DATA or STATISTICS."If you were on an island with 10 other people and there were no money, do you think that money would emerge on the scene
- At the time of the writing of the chapter titled, "The Federal Reserve," in the Naked Economics book (2019 edition) the Chair of the Federal Reserve was: Group of answer choices Ben Bernanke Jerome Powell Paul Krugman Alan GreenspanHow is the value of money originally determined? a. By a discount cash flow analysis of the commodity in question b. By whichever asset is decreed by a government as the money of the land c. By using game theory, where market participants appraise how other participants value it d. By its use in the production of other goods, such as when it is used in the production of high-value goodsChoose the correct option. In 2010 in the aftermath of the global financial crisis, some were concerned that pressures might be put on the Federal Reserve to purchase government bonds to help the government to stimulate the lagging economy. If the Fed were to buy government bonds to help the government finance its expenditures, then the price level would. (a) fall, so the value of money would fall. (b) fall, so the value of money would rise. (c) rise, so the value of money would fall. (d) rise, so the value of money wouldrise.
- Bolt Upright goes to the local music store and sees a CD of his favorite boy band the beasty boys for $5 then he notices another CD of his favorite solo performer Elvis Costello for $7 a little further down he sees a CD of his favorite girl band the spice girls for $9. This is money acting as.Which of the following is an example of representative money? Group of answer choices Gold Cowry shells Salt TeaDuring the recession of 2008, it was suggested that some banks were “too big to fail” (TBTF). Under this premise, a large bank or financial institution that engages in illegal activity may not be severely punished or have its officials charged with criminal activity. Why?