Accounting 1

supply Chief:More Economic Pain to Come hypertext transfer protocol://www.foxbusiness.com/story/markets/economy/fed-chief-economic-pain-come/ Federal Reserve Chairman Ben Bernanke indicated that the Fed may consider sour grade in the veil of the financial crisis going on today. Bernanke spoke with the National draw of Business Economists. He told them that times are bad. He told them that changes hire to be made to help the economic downfall in the world. Since the oil prices are slightly going down, rates should as well be going down. They need to remain consistent. The lowering the rates mean basically to lower the price for acceptation money. More people allow borrow money if the rates are lower. The fed funds rate is at 2.0% now. A year ago the rate was at 5.25%. A oft bigger partile when it comes to large amounts of money. So as you deal see it has been decreasing, and they are now considering decreasing it more. This economic puzzle is not just happening in the United States. It is a global problem. Bernanke said that global markets are under anomalous stress and the Fed is looking for more ways to compact funding pressures.

He also noted that the $700 billion economic- manner of speaking plan would be to everyones benefit. Bernanke mentioned as well to NABE that negotiations regarding the get of Wachovia, by Wells Fargo, Citigroup, or a combination of the twain are on going. More accountants work for the Fed than anyone else. When thither is something purchased on account. There is a two percent interest on it as well. If you dont pay for it in a certain amount of time, that cost becomes two percent higher. For example on your accounts payable balance, that amount paid will increase if you continue to not pay. If you want to get a full essay, order it on our website: Orderessay

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