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Federal Reserve
Essay specific features
Written by:
Anthony H
Date added:
August 10, 2013
Level:
University
Grade:
A
No of pages / words:
6 / 1539
Was viewed:
6240 times
Rating of current essay:
Essay content:
There are several laws that affect the Federal Reserve Act. Some examples are the Banking Act of 1935; the Banking Holding Company Act of 1956; the International Banking Act of 1978; the Depository Institutions Deregulation and Monetary Control Act of 1980; the Financial Institution Reform, Recovery and Enforcement Act of 1989; and the Federal Deposit Insurance Corporation Improvement Act of 1991...
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The main objectives of the Federal Reserve which were defined by Congress include “economic growth in line with the economy’s potential to expand, a high level of employment, stable prices and moderate long-term interest rates” (2).
The decisions the Federal Reserve makes are not subject to the approval of the President, therefore the Federal Reserve is the independent central bank...
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