?_______ sets the rules and regulates and influences the activities of banks and other institutions.

How does the Washington Consensus differ from the Santiago Consensus?

What will be an ideal response?

By designating Federal Reserve currency as legal tender, the federal government

A) has ensured that Federal Reserve currency will serve as money. B) has guaranteed that Federal Reserve currency may be exchanged for an equivalent amount of gold or silver. C) has mandated that Federal Reserve currency be accepted for payment of debts. D) has mandated that Federal Reserve currency be accepted by citizens of foreign countries in exchange for their countries' currencies.