.... used to attain the goals and tools will be explored. Finally, I will look at monetary policy in the United States since 1970, to see the pattern that the Fed has used. FEDERAL RESERVE SYSTEM Founded in 1913 by an act of Congress, the Fed is the central bank of the United States. The Fed is a complicated institution with many responsibilities, including the regulation and supervision of over 10,000 commercial banks. The organization of the Fed is included in the Appendix to this paper. The Board of Governors is the most important group within the Fed. The Board consists of seven members, each appointed for 14 years by the President of the United States .....

.... all, or so it seems. Even actors and sports stars have their problems. Maybe drug or family, but we hardly ever catch a glimpse at this side. One of the people that I see living the great American dream would have to be Will Smith. I feel that he is living the dream because it seems as though he has it all. Hit movies, hit cd's, a beautiful wife, a beatiful child, money and lots of it, and health. The main reason though that I think he is living this dream is because he was voted the number one nicest actor on and off the set. This would be a great title to be given. I would be honored if I was voted this. He is an inspiring actor because of this. He is a gre .....

.... article refers certain key ratios comparing the operating health of GTE with its competitors. The company launched a major restructuring in 1994 and unloaded its electrical products group. The sale of the division fetched $1.1 billion, including the assumption of debt. GTE’s long-term debt has swelled almost 5 times, to $1 billion, since 1994. This drives the Debt-to-Capital Ratio to 61%. Cash flow exceeds interest expense by a comfortable five times. Revenue growth from new and enhanced services increased 35% last year, to $1.2 billion and has grown 35% annually. GTE’s Return on Equity was 40% that far exceeds rest of its major competitors listed. The company’ .....

.... chartered by the comptroller of the currency under federal law and state-chartered banks that get membership in the system. Other banks may be insured if they meet qualifications for the insurance. In 1989, the FDIC received all the functions from the Federal Savings and Loan Insurance Corp. (FSLIC). Now the FDIC controls two separate deposit funds, one, the Bank Insurance Fund for commercial banks, and the other, the Savings Association Insurance Funk for thrift institutions that were previously insured by the FSLIC. When an institution is closed by chartering authority, the FDIC makes payment of insured deposits to all of the failed institution’s depo .....

.... no such thing as a free lunch. As it turns out, import restrictions do not save jobs, they cost them. The flaw in the protectionist's argument is to view only a tiny part of the economy, imagining how it would be affected by taxing its foreign competitors, ignoring the remainder of the economy, and then concluding that what is best for that small part of the economy must be good for the whole. It's a laughable logic. Import restrictions can take several forms. Typically, Congress will use tariffs and quotas to protect a domestic firms from foreign competition. Tariffs are a monetary tax on each unit of an imported commodity. Quotas are a numerical limit on the .....

.... one dollar per year. This rate of return (ROR) has been normalized for inflation and is based on historical data starting in 1926. Normalization removes the effects of inflation so the return from one year to the next can be compared. Historical data shows that the inflation corrected ROR over a 20 year period is clearly higher for Stocks, except for a period in the mid-1970’s when stock returns dropped below T-bills. Periods of high inflation in the 70’s are the primary drivers of the stock ROR decline. T-bills have historically had a much lower 2.5% maximum ROR that has not been prevalent until the past few years. Bonds have consistently had negativ .....

.... enough to learn the ways of the chip. Computers are now part of our very lives. Everywhere we turn, computers are used for everything. From doing our homework at home, to dealing with business in the work field, “The microprocessors have found its way into every nook and cranny of modern civilization.”(Life, 32) According to life magazine, We have taken the computer and made it everyone's tool. (Life, 32) “The computer went from being under the control of a very privileged group to being available to everyone. Today, High School kids have more computer power than some of the most elite three decades ago.” Says Ted Hoffman to Life magazine. (qtd in Lif .....

.... car and the insurance required to drive it. It also allows students to get a sense of independence as they are not always relying on mom and dad to give them money. For example, your friend Jim has a job making sundaes at dairy queen. Jim works about 24 hours a week and makes $4.50 an hour. At the end of that week , Jim has $80 that he can call his own. Jim could go to the movies, buy a new pair of shoes, or do whatever he wants to do with it. Jim worked hard for his money and after all, it is his money. Another alternative to spending this hard earned money is to save it in a bank and use it for college. This is all fine and dandy but what about school .....