In the case study about the Federal Reserve, Ron Paul argues that:
A.the Federal Reserve helped the U.S. economy survive the financial crisis of 2007-2009.
B.changing the Federal Reserve system would harm the U.S. economy.
C.the Federal Reserve does not have the financial knowledge necessary to set appropriate interest rates.
D.None of these choices are correct.

Question

22-05-2022
English

contestada

In the case study about the Federal Reserve, Ron Paul argues that:
A.the Federal Reserve helped the U.S. economy survive the financial crisis of 2007-2009.
B.changing the Federal Reserve system would harm the U.S. economy.
C.the Federal Reserve does not have the financial knowledge necessary to set appropriate interest rates.
D.None of these choices are correct.

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Tundexi Tundexi · Answer 1 · 2022-05-24T10:49:16+02:00

None of these choices are correct are about the argument that Ron Paul gave about the Federal Reserve.

Who is Ron Paul?

He was a former Congressman for state of Texas who argued that the Federal Reserve was created to bail out banks when they got into trouble.

But he explains that the system is bad for competition in banking because it strengthens the big banks which makes it a corrupt and unconstitutional practice.

Therefore, the Option D is correct