Author Question: Which of the following statement(s) is true? (a) All state legislatures acted to create ... (Read 63 times)

sdfghj · **on:** Jun 30, 2018

Which of the following statement(s) is true?

(a) All state legislatures acted to create corporations.
(b) The federal government created the federal incorporated entities when it established the First (17911811) and Second (18161836) Banks of the United States.
(c) All federal, state and local governments possessed the right to create corporations.
(d) All of the above are true.

Question 2

Which of the following statements is (are) correct? The Federal Reserve

a. can, over the long run, roughly control the money supply by changing the monetary base to offset any undesirable changes in the money stock as a result of changes in currency holdings or excess reserve holdings.
b. controls the money supply better in the long-run because of short-run uncertainty regarding the money multiplier.
c. is in absolute control of the money stock at all times.
d. Both a and b