The Federal Reserve System (The Fed) is the ________ incarnation of a central bank in the United States
A) first
B) second
C) third
D) fourth
C
Economics
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The United States abandoned the ________ because the government wanted to rapidly expand the money supply in response to the Great Depression
A) managed float B) floating exchange rate system C) Bretton Woods system D) gold standard
Economics
Explain "haircuts" when a government defaults its debt
What will be an ideal response?
Economics