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Essay

What Is Monetary Policy

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

David W

 

Date added:

September 22, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1879

 

Was viewed:

7970 times

 

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Essay content:

The system is conducted by the Federal Reserve System and it influences demand mainly by raising and lowering short-term interest rates. How is the Federal Reserve Structured? The Federal Reserve (the nation's central bank), called the fed for short, was established by congress in 1913 and consists of the Board of Governors in Washington, D...
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Although the fed is accountable to congress and structured by law, it is totally separate from the departments that manage the country's spending decisions. The governors are appointed by the president for terms of 14 years. The appointments are staggered so no one single president could load the board with his own people...
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