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Essay

Federal Reserve

Essay specific features

 

Issue:

Business

 

Written by:

Jean N

 

Date added:

February 11, 2017

 

Level:

University

 

Grade:

 

No of pages / words:

5 / 1267

 

Was viewed:

5129 times

 

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Essay content:

Most people are familiar with the fiscal policy tools that affect demand, such as taxes and government spending. Less familiar is monetary policy; it is conducted by the Federal Reserve System, the nation’s central bank, and it influences demand mainly by raising and lowering short-term interest rates...
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The Federal Reserve System (the Fed) is the nation’s central bank. It was established by an Act of Congress in 1913 and consists of the seven members of the Board of Governors in Washington, DC and twelve Federal Reserve District Banks. Congress structured the Fed to be independent within the government...
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General issues of this essay:
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