gold, or any other metal. Although fiat money is the norm in today's monetary system, this was a radical move at the time, and it was met with vocal opposition. In 1879, Congress responded to this criticism by freezing the amount of fiat money in circulation, capping it at $347 millio...
It influences the suppy of money in the economy. The central bank purchases and sells the government securities like treasury bills or bonds in the open market to control the money supply, leading to inflation control, interest rate stability and economic growth. This is done depending on the c...
According to Timmons and Bunkely (2008), the company was given a credit facility of about 3 billion USD to finance the acquisition of JLR. This money was scheduled for refunding in June 2009. However, by the end of 2008, Tata was only able to pay 1 billion USD. As the primary decisio...