Janel can deduct $2,700 on her income tax return for the year. Janel can deduct the cost of the food she purchased for the charitable service, which is $200. She can also deduct the cost of driving 300 miles, which is calculated as $0.14 per mile for charitable purposes, totaling $42.
Additionally, she can deduct the value of her time spent on the charitable service, which is 15 hours multiplied by her hourly rate of $10, totaling $150. Therefore, Janel can deduct a total of $392 on her income tax return for the year ($200 + $42 + $150). However, Janel can also choose to deduct her expenses using the standard mileage rate of $0.14 per mile for charitable purposes, which would result in a total deduction of $242.
Therefore, she can choose to deduct either $392 or $242 on her income tax return for the year, whichever is more beneficial for her. In conclusion, Janel can deduct $410 on her income tax return for the year, which includes the cost of food and mileage, but not the value of her time.
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Why are women generally more flexible than men?
Women are generally more flexible than men dues to the makeup of their connective tissue.
Surprisingly gender plays a role in flexibility as well. And women are more naturally flexible than men, partly due to the composition of their connective tissue. In men connective tissue binds, compartmentalizes, and protects fragile muscle fibers and, therefore, restricts stretching and potential tearing. On the other hand, women possess more elastin, which, as the name suggests, facilitates muscle elasticity.
Therefore, women are more naturally flexible than men, owing to their connective tissues' genetic and biological nature.
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Find the preent value of a erie of periodic payment of 3. 000 made at the beggining of every month for 5 year, if money i worth 10% compounded monthly
If money is worth 10% compounded monthly, the present value of a series of periodic payments of 3,000 made at the beginning of each month for five years is $32,891.63.
The worth of an anticipated revenue stream as of the valuation date is known as present value, sometimes known as present discounted value.
Periodic Payment (R) = $3,000
Time = 5 years = 12 * 5 = 60 months = n
Rate = 10% monthly
r = 1 / 10 = 0.1
Present Value = R / r {1 - [1 / (1 + r)ⁿ]} * (1 + r)
PV = 3000 / 0.1 {1 - [1 / (1 + 0.1)⁶⁰]} * (1 + 0.1)
PV = 30000 (1.1) [1 - {1 / (1.1)⁶⁰}]
PV = 33000 * (1 - 0.003284)
PV = 33000 * 0.9967
Therefore, the Present Value = $32,891.63
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At a student government fundraiser, a notebook costs $7 and a t-shirt costs $12. if the total received for 60 items was $540, how many notebooks were sold? a. 24b. 30 c. 36 d. 40
C. At the student government fundraiser,36 notebooks were sold.
At a student government fundraiser, a notebook costs $7 and a t-shirt costs $12. if the total received for 60 items was $540 the notebooks were sold can be calculated as follows
To solve this problem you must set up an equation and solve for the number of notebooks. Notebooks cost $7 and t-shirts cost $12, so the equation would be:
7n + 12(60-n) = 540
Where n is the number of notebooks sold.
7n + 720 -12n = 540
-5n = -180
n = 36
Therefore, 36 notebooks were sold.
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Bulldog Corporation reported taxable income of $660,000 this year, before any deduction for any payment to its sole shareholder and employee, Georgia Brown. Bulldog chose to pay a bonus of $172,000 to Georgia at year-end. Bulldog Corporation is subject to a flat-rate tax of 34 percent. The bonus meets the requirements to be "reasonable" and is therefore deductible by Bulldog. Georgia is subject to a marginal tax rate of 35 percent on the bonus. What is the income tax imposed on the corporate income earned by Bulldog and the income tax on the bonus paid to Georgia?
Corporate tax = ?
Shareholder tax = 60,200
Total income tax = ?
Corporate tax = 165920
Shareholder tax = 60200
Total tax = 226120
What Is Corporate Tax?Corporate taxes are levied on a corporation's profits. Taxes are assessed against a company's taxable income, which is determined by subtracting revenue from selling and marketing, general and administrative (G&A), research and development, and other operating expenses.
What is a dividend tax?A dividend tax is a charge that a government entity levies on dividends that a company pays to its shareholders (stockholders). The shareholder has the main tax obligation, even though a tax obligation in the form of a withholding tax may also be imposed on the firm.
Since Bonus is a deductible expense, hence the taxable income of bulldog will be reduced by that amount
660,000-172,000 = 488,000
Tax liability calculation=
488,000*.34 ( flat rate corp tax) = 165,920
Corporate Tax = 165,920
Shareholder tax= 172,000*.35= 60,200
Shareholder tax = 60,200
Total tax= 165,920 + 60,200
Total tax= 226,120
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What is the relationship between the states and the central government?
The relationship between the state and central government is defined by the Constitution.
The Constitution gives the federal government some authority while reserving other powers for the states. Both of these are referred to as enumerated and reserved powers, respectively. Among other things, the federal government has the authority to control commerce, print money, and keep a military. On the other hand, the states have the authority to control a variety of things, including the operation of elections and the maintenance of a police force.
Any powers not granted to the federal government by the Constitution or banned by it, according to the 10th Amendment, are reserved for the states or the people. Article VI of the Constitution's Supremacy Clause declares that federal laws and treaties are the supreme law of the country" and that states are required to uphold them.
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hofstede's dimensions in general and uncertainty avoidance in particular can provide some insights into why
Hofstede's dimensions in general and uncertainty avoidance in particular, can provide some insights into why:- Ebill has not been as successful in Japan as in the United states.
Option E is correct.
Which dimension of Hofstede deals with uncertainty and risk?Hofstede's third cultural dimension is uncertainty avoidance, the degree to which people feel comfortable in a society with risks, uncertainty, and unpredictability. People in societies with high uncertainty avoidance tend to want to avoid uncertainty and unpredictability.
What does Hofstede's study of uncertainty avoidance mean?According to Hofstede, uncertainty avoidance reflects the extent to which members of society attempt to manage fear by minimizing uncertainty.
What are the dimensions of Hofstede's model?Geert Hofstede, in his groundbreaking study of cultural differences between modern nations, identified four dimensions of cultural value. Individualism and collectivism, power distance, uncertainty avoidance, masculinity and femininity
Question is incomplete .Missing options are:
Hofstede's dimensions in general and uncertainty avoidance in particular can provide some insights into why
A. the Lehman Bros. debates were accepted in France
B. Mizuho Securities mistakenly placed a sell order for 610,000 shares
C. Merrill Lynch is no longer a viable entity
D. Internet use is on the rise in Japan
E. E Bill has not been as successful in Japan as in the United States
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Employees are most likely to change a job because of: the drive to work took too long.
the benefits package was not very good.
The reason why workers are most likely to leave jobs is that the commute is too long. The benefits package was subpar. mediocre and inept management.
Why is having a purpose vital at work?Employees view purpose as a way to give meaning to their job and comprehend the contributions they are making to the firm as well as society, while business leaders highlight the commercial benefit of purpose. Additionally, for employees to be fully engaged, they must discover this purpose in their work on a daily basis.
What does having a purpose at work entail?When workers can truly relate to their work, their team, and the mission of their firm, they are engaged at work. Retention rates, employee satisfaction, and stock market returns all rise as a result.
Why does having a purpose matter for success?It aids in establishing dependability and credibility and can guide wise business choices.
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What is the meaning of ownership in economics?
Ownership is the act of possessing legal custody and control over anything, whether it be a tangible good or an intangible one.
There are several methods to acquire, transfer, and lose ownership of anything, and the mechanics of ownership are highly complex. One may acquire property by paying cash for it, exchanging it for goods, winning a bet, receiving it as a gift, inheriting it, locating it, or claiming it, claim damages for it, labour for it or provide a service for it, make it, or homestead it. By trading it for another piece of property, selling it for cash, giving it as a gift, losing it, or having it legally taken from one's possession through eviction, foreclosure, seizure, or taking, one can transfer or lose ownership of property. The many rights that make up ownership, or title, may be unique and held by different people.
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What affects your credit score most?
Your payment history is one of the most important credit scoring factors and can have the biggest impact on your scores. Having a long history of on-time payments is best for your credit scores.
How long does late payments stay on credit report?Your credit report may contain late payments for up to seven years. They have the potential to lower your credit score, but the impact wears off over time.
However, not all late payments are recorded in your payment history.
The credit card company may charge you a late fee if you pay a bill with a credit card after the due date rather than on time, but your credit won't be harmed.
If the payment is more than 30 days overdue, the circumstance is different.
The impact on your credit ratings in this situation is determined by how long your account was past due before you made a payment. Thus, a payment that is 60 days overdue will do additional damage.
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What are the four parts of Alexander Hamilton's Economic Plan?A. establish a national bankB. pay off war debtC. pass whiskey taxD. create protective tariff
Ten days after Hamilton became Secretary of the Treasury, the House of Representatives requested a debt-reduction plan. Hamilton projected interest-inclusive $54,124,464.56. The expectation was that the debt would be decreased and U.S. citizens would receive partial reimbursement. Speculators and merchants bought most domestic debt certificates from Revolutionary War soldiers and patriots at deep discounts. Since the speculators had bought the certificates at a discount, many Americans thought it unnecessary to pay them the whole amount.
Thus, Hamilton's 1790 Congress suggestions surprised some. Since repaying the foreign debt was crucial to the new nation's credibility, few Congressmen opposed his proposal. His plan to fully repay domestic debt proved controversial. Hamilton demanded full payment to bondholders, whether speculators or not. Some members of Congress objected to rewarding speculators without compensating soldiers and others who had held the bonds.
The federal government assuming state debts was another controversial idea. Northern Congressmen backed the proposal because northern states had higher debts, but southern Congressmen opposed it as an unjust burden on the nation. Finally, if the national capital was constructed in the South, the federal government would pay state war debts.
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The right way of asking the question is:
What are the four parts of Alexander Hamilton's Economic Plan?
A. establish a national bank
B. pay off war debt
C. pass whiskey tax
D. create a protective tariff
The index of suspicion is MOST accurately defined as:
The most appropriate definition of the index of suspicion is your concern for possibly significant underlying injuries.
What is an index of suspicion?The best way to describe the index of suspicion is as your worry about potentially serious underlying injuries.
We obtain information on the following when inspecting a crashed car's interior for damage: injury mechanism
a measure of suspicion (plural indexes of suspicion) (medicine) a patient's level of suspicion based on the evidence at hand that a sickness or condition is the underlying diagnosis.
"Awareness and concern for potentially significant underlying and invisible injuries or sickness" is the definition of an "index of suspicion."
"The act or an instance of suspecting something incorrectly without proof or on extremely weak evidence, or a feeling of mental disquiet and uncertainty" is how suspicion is defined.
Therefore, the most appropriate definition of the index of suspicion is your concern for possibly significant underlying injuries.
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Hiring short-term generalists:
The Bargain Laborer HR strategy is congruent with hiring short-term generalists.
How often does Tool Craft International employ a long-term generalist?When Tool Craft International employs the long-term generalist strategy, it looks to hire personnel with certain talents and aptitudes who will work for the company for a considerable amount of time. According to research, job-based fit is a more crucial factor in employing generalists than organization-based fit.
When ABC Manufacturing uses the committed expert HR strategy, do the managers make an effort to choose individuals with the potential to become experts in a certain field?The managers at ABC Manufacturing try to choose employees who can gain competence in a particular field when they use the Committed Expert HR Strategy. Long-term experts have benefits for businesses, such as the development of specialized skills and prolonged employment.
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failure to maintain financial responsibility texas
FMFR tickets, which necessitate insurance or financial responsibility, are serious. A second FMFR conviction will terminate your driving privileges.
In addition, if you cause an accident and are found to be at blame, you must pay all related expenses out of pocket if you do not carry liability insurance. Failure to maintain financial responsibility is the inability to maintain responsible financial behavior.
Therefore, it is crucial to always have auto insurance. If you were given a ticket for failing to show proof of insurance or financial responsibility but you really had insurance at the time of the ticket, you can get the ticket dropped by showing proof of insurance to the court within the 15-day grace period. A court appearance was necessary for every other type of dismissal.
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When trading between two countries the exchange rate which depends on the market system is called?
The exchange rate between two countries is known as the foreign exchange rate. It is determined by the interaction of demand and supply in the market for international currencies.
The exchange rate between two countries is the rate at which one currency is exchanged for another.
It is a key factor in determining the relative values of different currencies, and is affected by market forces, such as supply and demand, economic performance and political developments. As the exchange rate changes, the relative value of each currency fluctuates, affecting the cost of imports and exports between countries.
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In a move aimed at boosting employee salaries, the federal trade commission proposed a ban on:
The federal trade commission proposed a ban on non-compete clauses in employment contracts.
Non-compete clauses are contractual provisions that prevent employees from working for competing companies or starting their businesses after they leave their current employers.
The proposed ban would mean that employees would no longer be restricted from taking their skills, knowledge, and experience to a different employer or using them to create their businesses.
This would help to create a more competitive labor market and enable employees to negotiate better salaries and benefits from employers. The FTC believes that banning non-compete clauses could help improve wages and working conditions for many employees across the country.
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Correct question should be: The federal trade commission proposed a ban on non-compete clauses in employment contracts. Explain
Marcus, a resident of Vermont, decides to sue the maker of CalmDown in a Vermont state court. He is permitted by the court to serve the company by email, as he cannot find an address for the company and convinces the judge that email would be the best way to accomplish service. The maker of CalmDown responds to the service claiming that Vermont courts have no jurisdiction over the business, because it is an out-of-state defendant with its principle place of business in Alaska. Moreover, they have never marketed their product in Vermont and only sold a few subscriptions before it removed the app from the app store. Is it appropriate for a Vermont court to exercise jurisdiction in this case? Why or why not?
PLS HELP THXS! WILL GIVE BRAINLIEST! NO SPAM ANSWERS
It is proper for a Vermont court to exercise jurisdiction over this matter because fraud, contract breach, conversion, and a number of other issues are involved.
Why Vermont court to exercise jurisdiction in this case?His impression of its functionality was unimpressive. He went into the profile settings in an attempt to locate the cancel button after deciding he would immediately cancel his subscription but was unsuccessful. He looked everywhere on the app he could think of, but he couldn't find a way to end the subscription.
He should try to receive a refund from the business that charged him, the bank agent also advised him. He spent several hours trying to convince the bank agent that he had tried to cancel his subscription. Numerous further difficulties and complaints regarding this have been reported online.
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What is a quota as a barrier to trade?
Quotas are government-imposed trade restrictions that limit the number or amount of goods a country can import or export during a specific period of time.
Countries use quotas in international trade to regulate the amount of trade between them and other countries. Government programs that enforce quotas are often referred to as protectionist policies. Additionally, governments can issue these guidelines if they have concerns about the quality or safety of products from other countries.
Countries use quotas in international trade to regulate the amount of trade between them and other countries.
Within the United States, he has three types of quotas:
Absolute, Tariff, Tariff Priority Level.
A tariff is a tax that one country imposes on goods and services imported from another country.
Tariffs increase the cost of imported goods and services, making them less attractive to domestic consumers.
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Under MSRB rules, municipal firms are allowed to enter into which of the following transactions with an investment company
Municipal representatives are allowed to sell fresh municipal issues to consumers, provide call and put options on municipal issues, and trade municipal issues on the secondary market.
What is Secondary market?One sort of investment market is the secondary market, where buyers can trade investment products (securities) with other participants. It functions similarly to an old security market where purchasers buy shares rather than recent securities.The secondary market gives investors, both buyers and sellers, liquidity. It is simple to sell stocks and shares that were purchased on the primary market on the secondary market.To learn more about secondary market: https://brainly.com/question/15087498
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Under MSRB rules, municipal firms are allowed to enter into several types of transactions with an investment company, including Purchase and sale of securities, where the investment company buys or sells securities from or to the municipal firm.
What is MSRB rules?Underwriting and distribution of securities, where the investment company acts as the underwriter or dealer for the municipal firm's securities offerings.Purchase and sale of securities, where the investment company buys or sells securities from or to the municipal firm.Advisory services, where the investment company provides investment advice or other financial services to the municipal firm.Bond insurance, where the investment company provides bond insurance to the municipal firm to enhance the creditworthiness of its securities.Credit enhancement, where the investment company provides credit enhancement services to the municipal firm to improve the credit rating of its securities.Investment of municipal funds, where the investment company manages the municipal firm's funds and invests them in various securities.It is worth noting that these transactions are subject to certain rules and regulations to ensure that they are conducted in a fair and transparent manner for the benefit of the municipal firm and its investors.To learn more about MSRB rules refer:
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What are the 4 parts of a credit report?
These four categories are: identifying information, credit accounts, credit inquiries and public records.
What is credit report?In a credit report produced by a credit agency, your credit history is described in great detail.
Lenders evaluate your creditworthiness using other data in addition to your credit reports.
Credit reporting agencies compile financial data about you and utilise that data to produce credit reports. Equifax, Experian, and TransUnion are the three major credit reporting companies in the United States.
Each of these reporting agencies gathers information about your unique financial condition and payment habits to create a unique credit report.
Although the information in the three studies is largely comparable, there are sporadic little differences.
They provide details on accounts that have been reported to credit bureaus, information about liens and income garnishments, and information about credit inquiries.
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What is the most common reason why countries create trade agreements to limit imports to create free trade to establish quotas?
The most common reason why countries create trade agreements to establish quotas is to protect domestic industries and jobs.
Quotas limit the amount of a particular good that can be imported into a country, which helps to protect domestic producers of that good from foreign competition.
This can help to keep domestic industries and jobs from being overwhelmed by cheaper imports. Additionally, quotas can also be used to manage the flow of goods between countries, in order to help balance trade and prevent one country from dominating a particular market.
Quotas are quantitative restrictions on the amount of a particular good that can be imported into a country. They can be set for a specific period of time, or be permanent.
Overall, trade agreements that establish quotas are often used as a tool to protect domestic industries and jobs, and to manage trade flows between countries.
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name one responsibility of a sport marketer working in market research and development.
A sport marketer is responsible to identifying new market as a part of his market research and development responsibility.
A sport marketer helps a sport organization to grow their fan base as the source of their income through selling merchandise, holding events, and promoting athletes and teams.
A sport marketer plays a big role in retaining brand loyalty of team's fans. He has to develop and nurture their loyalty to ensure their eagerness to spend money on athletes and teams, either for merchandise, match tickets, or other paid events.
A sport marketer has to determine his target audience. He has to ensure that the marketing and promotion plan that he build can meet the audience preferences and is attractive to them. A sport marketer is responsible in market research to understand the public preferences and to identify new potential target market.
A sport marketer needs to deal with contraccts, marketing strategies, promotional campaigns, social media accounts, and estimating demand for products and services. A sport marketer is responsible to the effectivenes of the marketing strategies and its implementations.
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What are the 4 effects of unemployment?
The effects faced by an unemployed person include difficulty in chancing new job, physical and internal health issues, employment gaps as well as overall dissatisfaction.
Individualities who are jobless are frequently more susceptible to several challenges, including difficulty in chancing unborn employment and dropped income. The longer a person is jobless, the more likely they're to experience implicit negative goods and contribute to the multiplier effect that severance has on the community. The impact of severance also reaches out to the community and society in which the unemployed person lives. While one jobless person will generally not have a significant impact on society, high severance rates in certain areas frequently lead to advanced poverty rates and poorer neighborhoods that amplify the societal impact of severance.
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Natalia worked in an automobile plant. She lost her job when the plant relocated to another state. She applied for unemployment compensation. In her state, the amount is calculated by taking 55% of the average of the last 26 weekly salary amounts. The gross incomes from her last 26 paychecks are listed in the table. Determine natalia's unemployment compensation weekly amount to the nearest cent.
Natalie's unemployment compensation weekly amount to the nearest cent is $400.65
Natalia's last 26 weekly salaries:
Week Salary
1) 715
2) 700
3) 730
4 )730
5) 730
6) 720
7) 700
8 )720
9 )720
10) 720
11 )725
12) 720
13 )725
14) 730
15) 730
16) 735
17) 735
18 )735
19) 740
20) 740
21) 740
22) 740
23) 740
24) 740
25) 740
26 )740
The final 26 weeks' worth of pay came to $18,940.
she earns $728.46 per week on average ($18,940 / 26).
her unemployment compensation = average weekly salary x 55% = $728.46 x 55% = $400.65
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Which explains why government regulation is necessary?
Markets are supported by regulations, which also oversee the supply of public services and goods and protect citizens' rights and safety.
Which clarifies the need for government control in a mixed-market system?Government oversight safeguards safety, justice, and constitutional rights. Government laws play a key role in ensuring a secure, equitable economy for consumers and small businesses alike, protecting them from being drained by powerful corporations and unfair business practices. Government regulations are essential for preserving both market fairness and public safety. For instance, laws governing food standards shield customers from germs that might spread illness widely. Regulations are crucial for economies and societies to operate properly.
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Assigning Responsibility
Assigning responsibility is the process of delegating authority to a team member, indicating that a person will carry out a specific action.
What is a responsibility assignment?Responsible for Action indicates the person responsible for performing the action. Responsibilities can be assigned to either customers, users, or MDT (multidisciplinary team) members.
For example, a store clerk is responsible for providing bus tickets to customers. Instead, the client is given action responsibility for daily practice. Specific actions are always the responsibility of the client and specific actions are always the responsibility of the user or MDT member.
To ensure that employees don't always have to specify responsibilities, there are configuration settings that dictate the assignment of responsibilities, and in some cases automatically set default responsibilities for actions.
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What is subsidy Mcq?
A subsidy is a financial assistance provided by a government or other organization to support a particular industry, business or activity.
Subsidies can take many forms, including direct payments, grants, tax breaks, or low-interest loans. The goal of a subsidy is to make a specific activity or industry more economically viable by reducing the costs of production or increasing the revenue of the business, thus allowing them to operate at a lower cost, to expand, or to create jobs.
Subsidies can be provided to a wide range of businesses, organizations, and individuals and can have different objectives, some examples of these objectives are:
1. Encourage the development of new industries or technologies.
2. Promote economic development in certain regions or communities.
3. Help businesses to compete with foreign companies.
4. Support farmers and rural communities.
5. Improve access to goods and services for low-income consumers.
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Why does export subsidy increase domestic price?
The concept given is Subsidies, which are a payment from the government to private entities, usually to ensure firms stay in business and protect jobs. The answer is, domestic firms would be unwilling to sell at home for less than they would receive if the product was exported.
A government subsidy or incentive is a form of financial support or support given to a sector of the economy in general to further economic and social policies. While the term subsidy is usually given by the government, it can refer to any type of support, for example from NGOs or in the form of hidden subsidies.
An export subsidy will increase the domestic price and, in the case of a large country, decrease the foreign price. The export subsidy will increase the number of exports. The export subsidy will affect the price by a difference equal to the value of the subsidy between the foreign price and the domestic price of the product.
Export subsidies provide an incentive for producers to source from export rather than domestic consumption. the withdrawal of supplies from the internal market leads to an increase in internal prices. At the same time, world market prices are falling because supply on the world market has increased.
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An insured pays a $100 premium every month for his insurance coverage, yet the insurer promises to pay $10,000 for a covered loss. What characteristic of an insurance contract does this describe?
In the context of insurance, an aleatory contract is a policy whose benefits to the insured are not divided fairly. and the given situation is an example of Aleatory.
What is Aleatory?An aleatory contract, as used in insurance, is a policy whose rewards to the insured are not evenly distributed.
The insured pays payments without getting anything in return except coverage until the insurance policy pays off.
"Aleatory" refers to something that depends on a chance or uncertain occurrence.
Aleatory is most often used to describe insurance contracts.
An aleatory contract is one in which the fulfillment of the promise is contingent upon the happening of an unforeseeable circumstance.
A contract that provides for an unequal transfer of value between the parties under an unpredictable event is known as an aleatory contract.
Because an insured can pay premiums for many years without experiencing a covered loss, insurance policies are aleatory contracts.
Therefore, the given situation is an example of Aleatory.
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What will be effects on inelastic demand if good price increases Mcq?
The total revenue rises as a result of the higher price and constant quantity required when the price of an inelastic commodity is raised while the demand remains constant. Price increases do, however, often result in a modest decline in the quantity sought.
Because elastic demand is more sensitive to price, tiny price changes cause larger quantity changes, which causes income to fluctuate in the opposite direction of pricing. Therefore, raising prices results in lower revenue. Demand is seen as unit elastic if revenue does not vary when prices do.
When demand for a product does not fluctuate as much as price fluctuation, this is known as inelastic demand. Demand is said to be inelastic when the price increases by 20% but drops in demand only by 1%. When using common household goods and services, this situation frequently happens.
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What is the federal funds rate and how does it impact the interest rates consumers see when looking to borrow money?
Federal funds rate is the interest rate charged by the Fed to a commercial bank when it borrows or lend its excess reserves to other banks. Federal funds rate will affect the interest rate a bank charges to its consumers.
Federal funds rate is one of monetary policy tools the Fed used to control the amount of money supply. Federal funds rate is used by the Fed to control the economic growth. Federal funds rate is charged by the Fed to a commercial bank and will affect the interest rate the bank charges to its consumers.
If the economic growth exceeds the standard growth rate, the Fed might try to slow down the economic growth by increasing federal funds rate. If federal funds rate is high, commercial banks will keep their money to meet the standard reserves and charge higher interest rate to its consumer to lower the money loan demanded.
This action will encourage consumers to increasae their savings and decrease their credits. This condition will lead to lower money supply in the economic and slowing down the economic growth.
If the economic growth is too slow, the Fed might boost the growth by lowering federal funds rate to increase the money supply in the economy. Since federal funds rate is low, commercial banks will be more eager to give credits to their consumers by lowering the interest rate.
This move will encourage consumers to borrow money from the banks and increase the amount of money supply in the market.
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