Alexander Hamilton argued for a "National Bank" that would
a. provide the increased money supply necessary to accommodate increased business activity.
b. lend money to the U.S. Treasury.
c. serve as fiscal agent for the U.S. government.
d. serve as a tax collection agency for the U.S. government.
e. All of the above.
e. All of the above.
You might also like to view...
If there is an inflationary gap, what is the proper monetary policy to restore price stability? What actions can the Fed undertake to restore price stability?
What will be an ideal response?
Which of the following is an important factor affecting economic growth?
A) the rate of saving B) exchange rates C) the rate of interest D) the level of prices
When bankers make loans they do not have an adverse selection problem
Indicate whether the statement is true or false
Which of the following statements is true about Tyson Foods, Inc?
a. The company has faced synchronized movements in the prices of its inputs in the recent past. b. Tyson has been able to keep its chicken prices more or less stable over the last five years because the prices of its major inputs have not fluctuated too much. c. The company restructured itself to deal with the more complex risks associated with the business today. d. Tyson assigned responsibilities of risk management to employees familiar with the different commodities it handled in order to establish a self-contained unit.