Asked by Local Sales on Jul 09, 2024
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What role does the Federal Reserve play?
Federal Reserve
The central banking system of the United States, responsible for setting monetary policy, regulating banks, and ensuring financial stability.
- Discern the distinctions between monetary and fiscal policy frameworks, with an emphasis on the Federal Reserve's role.
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RM
Rahul MehtaJul 10, 2024
Final Answer :
Students' answers may vary.
The Federal Reserve is the main institution responsible for monetary policy in the United States.Created in 1913 to regulate banks and adjust the money supply, thus controlling inflation, its seven-member board of governors is appointed by the president with the consent of the Senate.
The Federal Reserve is the main institution responsible for monetary policy in the United States.Created in 1913 to regulate banks and adjust the money supply, thus controlling inflation, its seven-member board of governors is appointed by the president with the consent of the Senate.
Learning Objectives
- Discern the distinctions between monetary and fiscal policy frameworks, with an emphasis on the Federal Reserve's role.
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