The monetary system, Finance homework
The monetary system in any economy facilitates trade and allows people to trade more efficiently, as compared to a barter economy. In the United States, the monetary authority is the Federal Reserve System (also referred to as the Federal Reserve, or informally, as the “Fed”.)
For this assignment, use the information presented in the textbook and the Fed’s website (http://www.federalreserve.gov/) when addressing the questions below.
- What are the requirements for something to be considered money? Why does the dollar have value?
- What does the money supply consist of and what are the respective amounts in the total money supply for the United States?
- What are the primary functions of the Fed? What role does the Federal Open Market Committee (FOMC) play in our economy?
- What role do the financial institutions (commercial banks and other institutions) play in our financial system?
- What is meant by the term “fractional-reserve banking” in our system? What are the implications for consumers?
- What are the tools available to the FED for controlling the money supply? Which are used most often? Which are most effective?
- How does the money multiplier help to determine the effects of monetary policy?
- What are the pros and cons of using monetary policy, as opposed to the use of fiscal policy, for implementing economic policies and practices?
- Prepare a 5-6 page Microsoft Word document that addresses the above-noted concerns and meets APA standards.
- Include a summary section in your report that contains 5-7 bullet points identifying your major findings or conclusions of your paper.
- Submit the summary section as your initial post in the Discussion Area by the due date assigned. Include the full report as an attachment to your posting.
- Continue your discussions until the end of the week by commenting on at least two other submissions by your peers, identifying the strengths and weaknesses of each post.
- All submissions must be original and all resources must be properly acknowledged.
Need help with my writing homework on Representation of Different Figures in Art and Science. Write a 3500 word paper answering; Gallen-Kallela studied art at the Finnish Art Society (1881-1904), studied privately as well as at the Academie Julian in Paris (1884) where he became a friend of the Finnish painter Albert Edelfelt while experiencing the Norwegian influence of Adam Dornberger and Swedish writer August Strindberg.
His political affinity with Finland was echoed in his illustrations of the Kalevala, the Finnish national epic. His paintings made it possible for him to develop his own political and national style and he painted with the purpose to acquire the respect and understanding of the Finnish nation. In1890, on his honeymoon to East Karelia, he started to collect material for his Kalevala painting period. The Aino Triptych, a landscape, is a product of his Kalevala age.
Gallen-Kallela’s works are at present (2012) exposed at the Musee d’Orsay in Paris. Other prestigious Finnish institutions also manifest his brilliant career pieces. Private collections constitute his manifestos of art which are too often reduced to the expression of national liberty. Gallen’s works are associated with the painting styles influenced by Romantic Nationalism, Realism, and Symbolism.
Romantic Nationalism in Europe was strongly inspired by Jean Jacques Rousseau (1712-1778), a philosopher representing the Romanticism of French expression. Rousseau worked to find a way to inspire people to preserve freedom in the world. His teachings taught us to appreciate the wonders of nature and the expression of feelings through communication. His studies on the origins of equality and self-preservation inspired the evolution of humanity, the condemnation of oppression, and the promotion of natural, moral, and civil freedom and authority.
Johan Gottlieb Herder (1784) maintained that Geography formed the natural economy of people and that their customs and society would develop along the lines that the basic environment favored. From its beginnings in the late 18th Century, Romantic Nationalism relied upon the existence of a historical ethnic culture that meets the romantic ideal and folklore as a national romantic concept.