Explain how central bank manages a nation monetary system

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

o Define purpose and function of money

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

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

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

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

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