Elucidate what are the effects of monetary policies

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Reference no: EM1335937

Important information about Federal Reserve

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Write a 700-1050 word paper on the U.S. Federal Reserve's monetary policy

o Define the purpose and function of money

o Explain how the central bank manages a nation's monetary system.

o Outline the stated direction of recent monetary policy in the United States.

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

o Explain the effects of monetary policies on the economy's production and employment.

Reference no: EM1335937

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