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Essay

Fed Reserve

Essay specific features

 

Issue:

Business

 

Written by:

Kathryn C

 

Date added:

November 16, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 333

 

Was viewed:

5696 times

 

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Essay content:

Reserve requirements state banks must hold a minimum in reserve. Open market operations pertain to the buying and selling of U.S. government securities. Fairly simple, one might think, until you glimpse the scope of just one of 25 branch locations in addition to the 12 main Reserve banks. This operation is overwhelmingly immense...
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This operation is overwhelmingly immense. Not only is the structure and scope huge, the precision and timing of the Federal Reserve is amazing. Below, I’ve listed some intriguing findings. The Fed is so active that transport planes fly once a day between all 12 Federal Reserve banks. Our branch’s coin vault contains between 6 and 7 million dollars...
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