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Eco 4223 -Final Exam Questions And Answers With Verified Solutions Latest Updated 2024
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Eco 4223 -Final Exam Questions And Answers With Verified Solutions Latest Updated 2024
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Eco 4223 -Final Exam Questions And Answers With Verified Solutions Latest Updated 2024 What is the Federal Reserve System? - ANSWER✔✔ The central bank of the US and federal government bank. What is meant by the monetary policy? - ANSWER✔✔ The means by which the Federal Reserve manipulates the U.S. money supply in order to influence t he U.S. economy's overall direction, particularly in the areas of employment, production, and prices. What are the different tools the Fed uses to conduct monetary policy? - ANSWER✔✔ Open Market Operations (i.e. feds fund rate), Discount Rate/Window, & Re serve Requirements Which tool does the Fed use the most? - ANSWER✔✔ Open Market Operations (fed funds rate) What is the Discount Rate/Window? - ANSWER✔✔ The interest rate for borrowing from the fed. The FOMC deliberately sets it higher than the fed funds rate to discourage borrowing. What is the Reserve Requirement? - ANSWER✔✔ 10% reserves is the norm for large banks; 3 -10% for intermediate, and 3% for smaller banks. (As of March 2020, no reserve requirement exists.)The benefits of buying summaries with Stuvia:
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