Who Regulates the Quantity of Money Circulating in the Economy

question 39

Multiple Choice

Who regulates the quantity of money circulating in the economy?

• A)the Federal Reserve
• B)the banking system
• C)the U.S.Congress
• D)the President of the United States
• E)The U.S.Congress and the President share the control.

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Definitions:

Costing System

A method for assessing and allocating costs of production, typically involving direct costs, indirect costs, and overheads.

Washing Mitt

A tool made of soft material used for washing surfaces, typically vehicles, without causing scratches.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the activities they require.

Activity Rate

A predetermined overhead rate in activity-based costing. Each activity cost pool has its own activity rate which is used to apply overhead to products and services.