Essay about United States Dollar and Foreign Currency Information

1030 Words Sep 26th, 2013 5 Pages
ESmith Assignment 10: National and Global Finance

(16.0 points)

1. Choose an example of a type of new company you could start, and then use this company idea to answer the questions below. You might choose a pet store, a restaurant, a tutoring business, or something else. This can be the same type of company you chose in assignment 8 or 9, or it can be different.

a. Describe the type of business you chose. (1-2 sentences. 0.5 points) * The type of business I would start would be for family or friends gatherings. This business would be place people come to eat and social, a nice, warm environment.

b. Describe at least two ways in which the local, state, or federal government would have an impact on your business. (2-4
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2.0 points) * Negative effects of inflation include an increase in the opportunity cost of holding money, uncertainty over future inflation which may discourage investment and savings, and if inflation is rapid enough, shortages of goods as consumers begin hoarding out of concern that prices will increase in the future.

5. Which Fed tool do you think is most important, and why? (2-4 sentences. 1.0 points) * The most important job the Fed has is to manage the nation's money and the overall economy. Controlling the inflation rate and maintaining employment and production aren't easy tasks. The Fed has to have some pretty hefty tools up its sleeve in order to influence the economy of an entire country -- especially one the size of the United States.

6. Choose one of the following government agencies or laws: FTC, EPA, FDA, CPSC, OSHA, FLSA, EEOC, ADA, SEC, or Affirmative Action. Search online to learn more about the agency or law, and then describe three specific things the law or agency accomplishes. Make sure the information comes from a trustworthy website. Include a link to the website in your answer. (3-6 sentences. 1.5 points) * The Food and Drug Administration (FDA) is a U.S. agency responsible for protecting the public health by assuring the safety, efficacy, and security of human and veterinary drugs, biological products, medical devices, our nation's food supply, cosmetics, and products that emit radiation.

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