Define the purpose and function of money

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Write a 700- to 1,050-word paper on the U.S. Federal Reserve's monetary policy that addresses the following points:

Question 1: Define the purpose and function of money

Question 2: Explain how the central bank manages a nation's monetary system.

Question 3: Outline the stated direction of recent monetary policy in the United States.

Question 4: List at least one policy action that the Federal Reserve has taken to confirm that direction.

Question 5: Explain the effects of monetary policies on the economy's production and employment.

Reference no: EM132452872

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