Asked by Adriana Davis on May 08, 2024
Verified
When the Federal Reserve Board (the Fed)buys securities,it decreases the money in circulation.
Federal Reserve Board
An independent agency of the federal government established in 1913 to regulate the nation’s banking and financial industry.
Securities
Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.
- Describe the responsibilities of credit unions, finance companies, and the Federal Reserve in the context of the financial infrastructure.
Verified Answer
Learning Objectives
- Describe the responsibilities of credit unions, finance companies, and the Federal Reserve in the context of the financial infrastructure.
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