The Federal Reserve System is the main bank of the United States. It is responsible for setting monetary policy and promoting the stability of financial institutions and the financial system in the U.S. Answer and Explanation: The three parts of the Federal Reserve System are the Federal Reserve...
1. Young people should be encouraged to broaden their horizons with more activities to embrace this world, which is the best way for them to get a clear perspective of what they are hoping to do with their lives and why. Students with such a perspective are usually the most efficient and ...
State governments functions such as transportation management, budgets and public safety. Although federal and state governments may share some powers, states are solely responsible for a number of duties. According to the 10th Amendment to the United States Constitution, state governments are ...
The legal rules and procedures that govern how federal, state and local governments calculate the tax you owe are called tax laws.
The U.S. Senate approved 11th-hour legislation in a late Thursday session to suspend the nation's debt limit for two years and cap federal spending. The U.S. Senate passed a House-approved bill late Thursday to suspend the national debt limit and put a lid on government spending for tw...
In order to comply with federal payroll tax laws, you need to properly classify you workers as either employees or independent contractors. The general steps to do this are: Assess the nature of the work being done. A worker may be an independent contractor if you have the right to control...
The trustee plays a crucial role in the management and distribution of a trust. Find out what the trustee's responsibilities are and how to choose one.
A similar organization, theGovernmental Accounting Standards Board (GASB), is responsible for setting the GAAP standards for local and state governments. A third body, the Federal Accounting Standards Advisory Board (FASAB), publishes the accounting principles for federal agencies.34 ...
Local, state, and federal governments hire CFOs to oversee taxation issues. Typically, the CFO is the liaison between local residents and elected officials on accounting and other spending matters. The CFO sets financial policy and is responsible for managing government funds. ...
The 2008 financial crisis is not considered an economic collapse in terms of the American economy, but a collapse was believed to be imminent at the time. The freezing of the credit market may well have resulted in a more severe situation if not for the liquidity provided by the Federal Res...