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Macroeconomic Impact on Business Operations
Essay specific features
Written by:
Terry H
Date added:
October 21, 2013
Level:
University
Grade:
A
No of pages / words:
7 / 1938
Was viewed:
1834 times
Rating of current essay:
Essay content:
(The Federal Reserve Bank of St. Louis [FRBSL], 2006, p. 5) The Board utilizes three tools to influence the money supply in the US, Open Market Operations, the Discount Rate, and Reserve Requirements. (McConnell & Brue, 2005, 242)These tools influence the amount of money created and distributed in the economy, create balance between economic growth, low inflation, and a reasonable rate of unemployment...
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This paper will attempt to demonstrate how money is made, the history of the FED, how the FED pulled the US out of the recession following the Stock Market bubble, and 9/11 attacks, and present criticism of the FEDS actions.
History of the FED
How Money was Made
US Banks previously utilized the fractional reserve banking system by the issuing of currency based on a portion of deposits in reserve in banks vaults...
displayed 300 characters
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