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ECN-460 Final Questions And Answers Latest Update $14.99   Add to cart

Exam (elaborations)

ECN-460 Final Questions And Answers Latest Update

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ECN-460 Final Questions And Answers Latest Update

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  • October 30, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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Solution 2024/2025
Pepper

ECN-460 Final Questions And Answers Latest
Update

Board of Governors duties ANS✔✔ Set reserve requirements, set IOR,
determines discount rate



12 Reserve Bank duties ANS✔✔ Establish discount rate, vote on OMO, issue
new currency



FOMC duties ANS✔✔ Set FFR through OMO, advise on discount, IOR, and
Reserve Requirements



Why is the Feds independence important? ANS✔✔ Policy not subject to the
political business cycle (ex. president nixon using expansionary policy just
before an election)



When is a Fed governor appointed? ANS✔✔ Every 14 years



How is the chairman appointed? ANS✔✔ Chosend from governors, serves 4
year term



What does the FOMC include? ANS✔✔ 7 board if governors + 5 FRB
Presidents



Who is required to follow reserve requirements? ANS✔✔ All banks

, Solution 2024/2025
Pepper
Quasipublic Nature ANS✔✔ Owned by private commercial banks in
respective disticts



Beige Book ANS✔✔ a Federal Reserve System publication about current
economic conditions across the 12 Federal Reserve Districts



Advantages of OMO ANS✔✔ Fed has control, flexible and precise, easily
reversed



If the FR wants to raise reserves they conduct ANS✔✔ OMP



If the proceeds are kept in currency, an OMP has ANS✔✔ no effect



Float ANS✔✔ Temporary increase in reserves because of fed's check-
clearing process



Money Supply Factors: After an increase in Nonborrowed monetary base,
the money supply ANS✔✔ increases



Money Supply Factors: After an increase in Required Reserve Ratio, the
money supply ANS✔✔ decreases



Money Supply Factors: After an increase in Borrowed reserves, the money
supply ANS✔✔ increases



Money Supply Factors: After an increase in excess reserves, the money
supply ANS✔✔ decreases

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