school hours should be short. Students have a limited amount of power in school, which is one of the main reasons for cutting classes. Students feel as though schools try to contain them and that they are not able to be themselves.
(a) Fiscal reserves is not a back-up asset, but represents the total amount of resources that the Government can use on a day-to-day basis. The level of reserves reflects the Government's entire cash balance. Fiscal reserves serves to meet our day-to-day operational expenses and public works expenditures.
The Federal Reserve. The Federal Reserve buys and sells Government securities. It is the central bank of the U.S. and also acts as a fiscal agent for the U.S. Treasury. The Federal Reserve System is a network of 12 regional Federal Reserve banks located in different states across the country.