The holder of life estate may not sell property.The life tenant cannot sell or transfer the property.If any party wants to sell their property then both the life tenant and remainder-man must agree on it.
A life estate is usually formed through a deed not created in a trust / will. A life tenant must maintained and pay costs on the property invalids tax and maintenance ,also protect real proper from creditor.
For example- If a husband will leave a home to his wife for lifelong and to his child upon her death,then an owner can execute a deed transferring the property to 3rd party and retained a life estate on that deed.
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The holder of a life estate may not will the property. A form of joint property ownership is a life estate. Owners of a life estate are permitted to use property forever. Life estate procedure is typically used to speed up inheritance while avoiding probate.
All of an owner's rights and obligations, with exception of the ability to sell or mortgage the property, remain with the life tenant. Life estates are most frequently created by homeowners in the U.S. to guarantee that next generation inherits the family home in the future while avoiding probate, legal procedure for establishing a will.
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All of the following are benefits provided by monsoons in South and Southeast Asia, except __________. A. increased flooding B. the provision of needed water C. an improved economy D. greater food production
The Correct answer is Increased Flooding which is Option A.
A flood is the accumulation of water over normally dry land. It’s caused by the overflow of inland waters (like rivers and streams) or tidal waters, or by an unusual accumulation of water from sources such as heavy rains or dam or levee breaches.
Why Increased Flooding is an exception and not a benefit?Floods are the most common (and among the most deadly) natural disasters in India. They have brought destruction to every state and nearly every county, and in many areas they are getting worse. As global warming continues to exacerbate sea level rise and extreme weather.This occurs when a river or stream overflows its natural banks and inundates normally dry land. Most common in late winter and early spring, river flooding can result from heavy rainfall, rapidly melting snow, or ice jams.Increased Flooding is the only drawback of monsoons among other 3.
Following are the mentioned benefits.:-
B) The provision of needing water - there is enough amount of water.
C) Improved economy - Improvement of a greater economy.
D) Greater food Production - Monsoon helps in greater food production.
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In year 1, Casa Corp. has depreciation expense for income statement purposes of $20,000. The depreciation deduction on the tax return was $30,000. The enacted tax rate is 40%. If this is the only difference between pretax income and taxable income, Casa would record a
Tax Expense- (Debit) $40,000
To Taxes Payable (Credit) $36,000
To Deferred Tax Liability (Credit) $4,000
What is the difference between deferred tax asset and deferred tax liability?
A deferred tax liability shows a future tax requirement or payment due, whereas a deferred tax asset shows a financial advantage. People who have standard 401(k) plans, for instance, can contribute to their accounts using pre-tax income.
Why is depreciation deferred tax liability?
A delayed tax liability typically arises when the government's accounting practices diverge from those of a conventional business. One frequent illustration is the depreciation of fixed assets. Companies often use a straight-line depreciation approach to disclose depreciation in their financial accounts.
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The correct question is:
In year 1, Casa Corp. has depreciation expense for income statement purposes of $20,000. The depreciation deduction on the tax return was $30,000. The enacted tax rate is 40%. Casa's pretax income for the year was $100,000, and its taxable income was $90,000. If this is the only difference between pretax income and taxable income, the journal entry to record tax expense for the year would include which of the following entries? (Select all that apply.)
Global Trade, Inc. has $1,000 face value bonds outstanding with a market price of $1,013. The bonds pay interest annually, mature in 11 years, and have a yield to maturity of 5.34 percent. What is the current yield
The current Yield is 5.41%
Given,
Global Trade, Inc. has $1,000 face value(FV) bonds outstanding
The bonds outstanding have a market price(MP) of $1,013.
The bonds pay interest annually, mature in 11 years(n).
yield to maturity(YTM) = 5.34 percent
Current yield is the ratio of coupon payment of a bond to its current market price.
Let the Annual Coupon Payment be 'CP'
Therefore, we need to calculate the coupon payment by using the following formula:
YTM = [ CP + ( FV - MP ) / n ] / [ ( FV + MP ) / 2 ]
Now substituting the values in the above formula we get,
5.34% = [ CP + ( $1,000 - $1,013 ) / 11 ] / [ ( $1,000 + $1,013 ) / 2 ]
5.34% = [ CP + ( $1,000 - $1,013 ) / 11 ] / [ ( $1,000 + $1,013 ) / 2 ]
5.34% = [ CP - $1.18 ] / 1006.5
1,006.5 x 5.34% = CP - $1.18
53.75 = CP - 1.18
CP = 53.75 + 1.18 = $54.83 annually
Current Yield = Annual Coupon payment / Current market price
Now substituting the values in the above formula we get,
Current Yield = $54.83 / $1,013
= 0.0541
= 5.41%
Hence, the current yield is 5.41%.
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The employee greets you as usual and walks toward the exit. Do you have reasonable suspicion to stop the individual and investigate?
When an officer was curious about a employee or became suspicious and stopped them due to their behavior, observers asked the officer to provide them with the reason(s) for this concern if the reason for these concerns are appropriate then they can proceed with the investigation
The behavior of the suspect is primarily the key factor in raising suspicion (s). The officer informed the observer that the suspect(s)' actions were the main cause of the officer's developing suspicion in 66 percent of the cases.
The most frequent behavioral causes of suspicion of a person or vehicle, according to an analysis of observer descriptions of behavior, were traffic infractions (such as speeding or driving with expired licence plates), attempts to elude officers (such as turning around and walking the other way or hiding one's face), and appearing uneasy in the officer's presence.
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You have been asked by the CEO of Mountaineer Company to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. 1. (a) Do the accounts shown in the Tableau Dashboard suggest Mountaineer Company is a manufacturer or a merchandiser
The accounts are shown below for Mountaineer Company
Mountaineer Company
Income statement
For the ended December 31
Sales revenue $1,000,000Cost of goods sold Finished goods inventory beginning $50,000 Add cost of goods manufactured $444,000 Cost of goods available for sale $494,000Less finished goods inventory, ending ($54,000) Cost of goods sold ($440,000) Gross profit $560,000Operating expenses General and administrative expenses $75,000 Selling expenses $103,500 Less Total operating expenses ($178,500) Net income $381,500Cost of goods manufactured
Direct materials Beginning raw materials inventory $60,000 Add purchase $140,000 Total raw materials available $200,000 Less ending raw materials inventory ($64,000) Raw materials used $136,000Direct labor $180,000Manufacturing overhead Factory rent $45,000 Repair expenses $11,500 Factory utilities $9,500 Factory supplies $14,000 Indirect labor $38,000 Total manufacturing cost $118,000Add beginning work in process inventory $43,000Less ending work in process inventory ($33,000) Cost of goods manufactured $444,000To learn more about income statement, click the links.
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A division reports the following figures: Sales = $14,000; Net income = $2,800; Average assets = $28,000. The division's profit margin is
The division's profit margin is 0.20.
What is the profit margin?Profit margin is an example of a profitability ratio. Profitability ratios measures the efficiency with which a company generates profit from its asset
Profit margin = gross profit / sales
2800 / 14,000 = 0.20
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In 2013, how much money did Tesla raise via common stock offerings, net of fees and expenses?a) $515.6 millionb) $410.1 millionc) $420.2 milliond) $355.0 million
Tesla was able to raise via $410.1 million from common stock offerings, net of fees and expenses to finance the business.
What was the finance for?As part of shareholder's capital, the fund was used by the firm to finance the vehicle innovations.
Hence, the firm called "Tesla" was able to raise via $410.1 million from common stock offerings, net of fees and expenses to finance the business.
Therefore, the Option B is correct.
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Factors that create issues for entrepreneurs by hindering international business are known as?
Factors that create issues for entrepreneurs by hindering international business are known as trade barriers.
What are trade barrier?
Trade limitations are imposed by the government on global trade. The theory of comparative advantage claims that trade restrictions harm the global economy and reduce overall economic efficiency.
Natural barriers, such distance and language barriers, tariff barriers, or levies on imported goods, and nontariff barriers are the three main obstacles to international trade. Exchange restrictions, buy-national policies, import limits, and embargoes are examples of nontariff trade barriers.
Trade barriers are the impediments that governments erect to restrict free trade between national economies. Thus, trade restrictions are simply interventions in markets that happen to be global.
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Which classification of money describes money that can be accessed quickly and easily, and includes coins and paper money as well as checks
The classification of money that describes money that can be assessed quickly and easily is M1.
What is M1?Money is anything that is generally accepted as a means of payment for goods and services and for repayment of debt. Example of money are paper money and coins.
M1 is the type of money that is regarded as the most liquid form of money. It includes currency - coins and paper money and money that can easily be converted to money e.g. savings deposit. M1 earn the least amount of interest due to its high liquidity. M1 is also known as narrow money.
For example, the money in your wallet is easily accessible and can be used to make payments compared to money invested in the stock market. There are a lot of processes before you can liquidate your investments in the stock market. Thus, money in your wallet (M1) is more liquid and accessible than money in the stock market.
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The concern businesses have for the welfare of society, not just for their owners is?
The concern businesses have for the welfare of society, not just for their owners is Corporate social responsibility.
A society is a group of individuals or large social groups engaged in an ongoing social interaction that shares the same spatial or social territory and usually has the same political authority and general cultural expectations. Is subject to.
Society is defined as a group of people who live as a group of people who are community or organized for a common purpose. An example of society is Lancaster, Pennsylvania. An example of an association is American Catholic daughters.
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The fed engages in open market operations and sells government securities. the result is?
Answer:
The reduction in money supply.
Explanation:
When the fed engages in open market operations and sells government securities, they reduce the amount of money in circulation thereby reducing money supply.
Having bureaucratic leaders directly elected by the people is the easiest way to make them _____.
The bureaucrates directly elected by the people in any case make them judiciary to take and implement several decisions.
They exist to perform various unctions of people matters and administration making the law more effective and efficient. They are heart and soul of the organisation contemplating and analyzing all the rules.
If it is directly elected with the public leaders as it is easier both or the government to make decisions and implement policies and procedures in easiest way.
Performing of the duties can be done through executive and legislature also but judiciary comes in order or legal rules and regulations through bureaucratic manner.
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You are working as a private math tutor to raise money during spring break. Assuming you want to earn as much money as possible, you should:
Answer:
Assuming you want to earn as much money as possible, you should work longer hours so that you are paid more.
Explanation:
Make adjustments to the graph to reflect the impact of the minimum wage changes Mr. Winkler discusses in the video. Place the wage line to be consistent with Winkler's observations. If the minimum wage line is already in the correct location, then do not move it.
The lines on the Minimum Wage Labor graph have been correctly placed accordingly. See the explanations below.
What is minimum wage labor?The minimal amount of compensation that an employer is compelled to pay wage earners for the job completed during a certain time and that cannot be decreased by a collective agreement or an individual contract is known as a minimum wage.
The demand and supply of labor at this wage rate is what is referred to as minimum wage labor.
What is the explanation for the new graph attached?The default market equilibrium point is EThe equilibrium wage rate is OP; and The equilibrium quantity of labor demanded and supplied in the market is OL.What happens when the government increases minimum wage?In the short run, the demand for labor (in accordance to the laws of supply and demand) shrinks from OL to OL1On the other hand, supply of labor increases from OL to OL2.The deadweight loss is represented by the region displayed by ACE.The entire amount of excess labor on the market is represented by the region illustrated by TCAP1.The region represented by TCSP is the surplus of labor resources that are available.The region depicted by PSAP1 is the surplus that would be made available to industry if it hired labor.The minimum wage line is already at the right place; as a result, there is no need to move it.Learn more about minimum wage labor:
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Who is responsible for governing a condominium?
In a bus network, a single communication path connects the central server, departmental servers, workstations, and peripheral devices.
In a Bus Network, a single communication path connects the central server, departmental servers, workstations, and peripheral devices.
What is a Bus Network?In a bus network, every node is connected to a single shared bus, creating a local area network (LAN) topology. Bus networks are the simplest approach to link up several customers, however when two clients seek to transmit simultaneously on the same bus, problems can arise. Authentic bus networks are unactive. A main cable and endpoint terminals make up a bus network. The file server, workstations, and peripherals are all nodes of a local area network that are connected to the main cable (bus).Bus networks make it simple for terminals to connect to the bus. However, problems with collision handling arise when two clients submit data simultaneously on the same bus.
Therefore, In a Bus Network, a single communication path connects the central server, departmental servers, workstations, and peripheral devices.
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A client is being treated for acne vulgaris. What warning must be given to this client regarding the application of benzoyl peroxide?
The warning that must be given to this client regarding the application of benzoyl peroxide when getting treated for acne vulgaris is to Use gloves with application.
What is the importance of gloves in treating acne vulgaris?The importance of gloves in treating acne vulgaris is to prevent the substances from reacting with the bare hand which can bring in other germs.
In this case, the gloves prevent other substance from reacting with the benzoyl peroxide , hence, The warning that must be given to this client regarding the application of benzoyl peroxide when getting treated for acne vulgaris is to Use gloves with application.
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In what ways may legally required benefits have contributed to an employee entitlement mentality regarding discretionary benefit offerings?
Discretionary benefits within the organizational setting are mandated by the law. Due to this reason, the first contribution towards employees is that they have taken it as their right rather than a privilege. Other contributions are as follows:
Building psychology of arrogance towards the rights as it is mandated by law, even if they don’t perform their action.Reduction in the responsibilities towards the organizations as employees know that they will overall get the legally mandated benefits.Attention on the benefits rather than on their own contributions towards the key responsibility areas that brings sustainability to the organizationInability of the employers to provide discretionary benefits becomes a point of legal case and bargaining from the employees’ end.The discretionary benefits refer to employment benefits, that are not mandated by the authority, and involve a variety of employee benefits such as health insurance, sick leave, maternity leave, vacation leave, life insurance, and health insurance. The benefits are granted at the intention of a company, that are viewed by the employees as an entitlement.
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QUESTION 5 (C-SOLN-01) Fill in the blanks. When selecting a solution, the ________ , cost and timeliness of the improvement must be balanced against the ________ ________. Difficulty , Competitor's Capabilities Impact , Business Needs Precision , Process Capability Reliability , Lifecycle Cost Accuracy , Fielded Cost
Impact; Business Needs
When selecting a solution, the impact, cost, and timeliness of the improvement must be balanced against the business needs.
What is balanced scorecard?A strategic management performance indicator known as the balanced scorecard (BSC) is used to identify and enhance various internal business activities and the results they have on the outside world. Balanced scorecards are a widespread tool used by businesses in the United States, the United Kingdom, Japan, and Europe to measure and provide feedback to organizations. In order to provide quantitative results, data collecting is essential because managers and executives must acquire and analyze the data. The decision-making of company personnel for the future of their organizations can be improved with the help of this knowledge.
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A cost leader must respond to the strategic moves of its differentiated competitors. Group of answer choices True False
A cost leader must respond to the strategic moves of its differentiated competitors. The given statement is True.
What is cost leadership?The phrase "cost leadership" is used when a business positions itself as the industry's lowest-cost producer or supplier of a specific good or service. Because the management must constantly seek to reduce costs at every level to remain competitive, implementing the approach is challenging. One aspect of marketing strategy is cost leadership. Although it is quite effective at capturing market share and grabbing customers' attention, it is challenging to implement.The company's management team must continuously strive to bring down the price of not just one product but the entire array of goods offered by the business.
Therefore, A cost leader must respond to the strategic moves of its differentiated competitors.
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The pre-ceiling equilibrium price was $4, the price ceiling is $3, and the quantity consumed went from 200 thousand units to 150 thousand units. What is the total amount of revenue lost because of the price ceiling
Based on the quantity consumed after the price ceiling was introduced, the total amount of revenue lost was $200,000
What amount of revenue was lost?The lost revenue can be found as:
= Loss in quantity consumed - Pre-ceiling equilibrium price
Solving gives:
= (200,000 - 150,000) x 4
= 50,000 x 4
= $200,000
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China decides to build an aircraft carrier. what is the opportunity cost of the aircraft carrier?
The opportunity cost of the aircraft carrier is the cost of the next best option China forgoes in order to build the aircraft carrier.
What is the opportunity cost?
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as implicit cost. Opportunity cost is used in calculating implicit cost.
For example, if in deciding to build the aircraft carrier, China forgoes the opportunity to repair all the roads in china. Repairing all the roads in China is the opportunity cost.
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An investment project costs $10,000 and has annual cash flows of $2,860 for six years. What is the discounted payback period if the discount rate is zero percent
The Discount rate is : Zero percent: payback in 3.49 years.
What is Discounted Payback Period?The discounted payback period (DPP) is a method applied in the capital budgeting process to determine the number of periods an investor has to wait to be compensated the initial cost of a project from the projected cash inflows. DPP recognizes the time value of money theory hence it is classified as a discounting method of capital budgeting. The future cash inflows are discounted to their present worth before the discounted payback period is computed.
Given:
Costs = $10,000
Annual cash flows = $2,860
n =6 years.
r =0%
Solution-
Discount rate is zero we are doing the payback period
[tex]Payback in Year =\frac{investment}{cash flow per year}[/tex]
[tex]10,000 / 2860 Per Year = 3.4965[/tex]
Therefore, we can conclude that The Discount rate is : Zero percent: payback in 3.49 years.
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According to the theory of comparative advantage, countries and the world gain from trade because quizlet
According to the theory of comparative advantage, countries and the world gain from trade because Exports give a country a political advantage over other countries that export less.
Trade is the voluntary exchange of goods or services between economic agents. Transactions are generally assumed to benefit both parties, as they are consensual. In finance, trading refers to the buying and selling of stocks and other assets.
Trade is central to ending global poverty. Countries open to international trade tend to grow faster, innovate, be more productive, and provide higher incomes and more opportunities for their people. Open trade also benefits low-income households by providing consumers with more affordable goods and services.
The question is incomplete. Please read below to find the missing content.
According to the theory of comparative advantage, which of the following is not a reason why countries trade?
a. Comparative advantage.
b. Costs are higher in one country than in another.
c. Prices are lower in one country than in another.
d. The productivity of labor differs across countries and industries.
e. Exports give a country a political advantage over other countries that export less.
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Isabella has been transferred to an office overseas. She is going to need to learn about this new culture and new business customs. This is an example of what challenge/opportunity that faces organizations today
Isabella has been transferred to an office overseas. She is going to need to learn about this new culture and new business customs. This is an example of globalization.
The movement of goods, technologies, information, and jobs between countries is referred to as globalization.
Globalization gives businesses in developed countries a competitive advantage.
Globalization also benefits developing nations since they often have a lower cost of living, which attracts employment.
The advantages of globalization have come under scrutiny since their good consequences are not always equitably dispersed.
An evident outcome of globalization is the ability of one country's economic crisis to have a cascading effect on its trading partners.
Globalization essentially refers to the world becoming more connected. Due to variables including air travel, containerized sea transportation, international trade agreements and legal treaties, the Internet, and other causes, countries are now more connected than ever before.
Hence, in the given scenario where Isabella is going to learn new culture and customs of the place she is transferred to is an example of glbalization
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A dollar paid (or received) in the future is?
Time value of money is not comparable to a dollar paid (or received) today is a dollar paid (or received) in the future.
What do you mean by time value of money?As "the value derived from the use of money over time as a result of investment and reinvestment," time value of money is defined. The phrase "worth of a rupee obtained today is different from the worth of rupee to be received in future" refers to the time value of money.
According to the time value of money (TVM) theory, money that is available now is worth more than the same amount in the future because of its potential for growth. This fundamental tenet of finance states that, as long as money can accrue interest, it is always more valuable to obtain money as quickly as possible.
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In the short run, the individual competitive firm's supply curve is that segment of the:___________ a) marginal revenue curve lying below the demand curve. b) marginal cost curve lying above the average variable cost curve. c) marginal cost curve lying between the average total cost and average variable cost curves. d) average variable cost curve lying below the marginal cost curve.
In the short run, the individual competitive firm's supply curve is that segment of the: "marginal cost curve lying above the average variable cost curve."
What is the short run supply curve?
The short run supply curve of a business is the section of its marginal cost curve that is higher than its average variable cost curve.
According to the law of supply, when the market price rises, the company will supply more of its product.
A perfectly competitive business maximizes profit by generating the amount of production that equals the product's price and marginal cost.
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In the circular flow model, the value of total income for an economy ________ the value of total production.
In the circular flow model, the value of total income for an economy equals the value of total production.
The circular flow model is an economic model that presents how money, goods, and services move between sectors in an economic system. The main purpose of the circular flow model is to understand how money moves within an economy.
Sectors involved in the circular flow model are:
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If a nation's currency doubles in value on foreign exchange markets, the currency is said to ________, reflecting a change in the ________ exchange rate.
If a nation's currency doubles in value on foreign exchange markets, the currency is said to appreciate, reflecting a change in the nominal exchange rate.
What is the nominal and real exchange rate?
The nominal exchange rate, abbreviated E, is the amount of local money required to purchase one unit of a particular foreign currency. A decrease in this indicator is referred to as nominal currency appreciation. (Under the fixed exchange rate regime, a decline in the exchange rate is referred to as a revaluation.) The term used to indicate a rise in this variable is nominal currency depreciation. Under the fixed exchange rate regime, an increase in rate E is referred to as devaluation.An accurate exchange rate R is defined as the difference between domestic and international prices, where domestic prices are calculated using the nominal exchange rate at the time. Formally, R=(E.P*)/P, where P* stands for the domestic price level and P* for the international price level. The real exchange rate (R) is said to appreciate when it falls and depreciate when it rises. The real rate indicates how much more or how few fewer goods and services can be purchased for a certain amount overseas (after conversion into a foreign currency). In actuality, changes in the real exchange rate are more significant than changes in the rate itself.Learn more about exchange rate: https://brainly.com/question/14231622
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Given a best-case scenario, which of the following statements correctly describes the Federal Reserve's behavior
The statement correctly describes the federal reserve's behaviour The Federal Reserve would strive to "offset a" negative shock to aggregate demand with an increase in the money supply.
What is a federal reserve?This is the central bank of the united states created by congress to provide the nation with a safer, more flexible and more stable monetary and financial system.
As the most powerful economic institution in the united states, its power and responsibilities includes setting interest rates, managing the money supply, and regulating financial markets.
Hence, the main function of the federal reserve is to set U.S. monetary policy to promote maximum employment and stable prices in the U.S. economy.
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