In the recent past, the Federal Reserve has set the discount rate 096

equal to the prime rate

below the federal funds rate

above the prime rate

09

above the federal funds rate

0%

above the federal funds rate.

Explanation:

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.

Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;

I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."

III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.

Also, the Fed is saddled with the responsibility of selling government securities such as treasury bills to the public.

The federal funds rate can be defined as the interest rate depository financial institutions such as banks charge each other for lending out excess cash from their reserve balances overnight without any form of collateral required.

The Federal Open Market Committee (FOMC) are typically responsible for making monetary policy such as setting the federal funds rate and determination of the direction of a monetary policy in the United States of America.

Additionally, a rate set by the Federal Reserves Bank known as the federal funds rates are used to determine the floating-rate of securities such as bonds.

A discount rate can be defined as the interest rate the Federal Reserve charges any bank that borrow directly from it.

Generally, the discount rate is set 100 basis points (1 percentage point) above the federal funds rate target, so as to encourage banks to borrow from each other at the lower federal funds rate. Also, this would help the banks to monitor each other for credit risk and liquidity.

formal arguments

in written, formal arguments, the best way to build credibility with readers is to provide them with evidence. no matter what your argument might be and which side you agree with, citing strong evidence to back up your claim leaves the opposition with little to argue.

emotional appeal is often used in oral arguments. written arguments, however, rely on four main types of evidence. as you read further, you will see that some types are more credible than others and "hold more water" so to speak.

statistical evidence

the strongest type of evidence in formal writing is statistical evidence. this ranges from true, hard data presented as a percentage or number, to survey-type data. for example, statistical evidence could be:

4 out of 5 experts claim

85% of women in the united

7 members were present

statistical evidence can be proven as fact. you can actually go out and find hard information to prove your particular claim.

testimonial evidence

the use of celebrities as credibility evidence can be considered testimonial in nature. many people look up to celebrities as role models in their lives. good or bad, when a person chooses a life-path that takes them into public light, there will be many others out there who want to emulate the celebrity. these celebrity endorsements provide the second-strongest type of evidence found in formal arguments.

testimonial evidence can also be collected from experts and authorities in a given field. doctors, dentists, lawyers often provide expert testimonials. their authority is not often questions. they are expected to "know their stuff."

anecdotal evidence

when storytelling is involved as evidence, anecdotal evidence is being used. due to its less objective nature, anecdotal evidence is not extremely strong. when coupled with statistical or testimonial evidence, anecdotal evidence can be highly effective in determining credibility or proof.

storytelling, although based on fact, can include quite a bit of opinion, thus making it less objective. usually, eyewitnesses are used as providers of anecdotal evidence. they saw or experienced the phenomenon at hand are telling their version or side of the story.

analogical evidence

when information is scarce about something and little is known, analogical evidence is often used in a formal argument to increase credibility of the proof. if the phenomenon in question is new and little is known about it, analogical evidence that pulls in known factors about a similar phenomenon to show parallels can be an effective way to provide proof.

due to limited knowledge about the phenomenon, in this situation, analogical evidence can be regarded as the weakest type of evidence used in formal arguments. one can only imagine and hope that the comparison-phenomenon is close enough that the results can be applied to the new phenomenon.

in the

all that really matters in a formal argument is whether or not the writer has credible evidence to back up what they want to say or what they are thinking. so often, we hear people say, "prove it! " to one another.

one last little formal arguments not only provide credible evidence to support claims, don't forget that acknowledgment of the opposing point of view in an argument also strengthens the entire product.

hello, ia m papaguy

i agree with this. also for your i have information to you.

the top 10 health concerns for children – and how to treat them

childhood obesity.

drug abuse.

smoking.

bullying.

internet safety.

child abuse and neglect.

alcohol abuse.

stress.

make sure to use those in your writing essay.

best of luck!

~

your pal papaguy