Function of federal reserve-cost of unexpected inflation

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Reference no: EM13772497

1. Which of the following are costs of high and/or unexpected inflation?

A. increased uncertainty

B. higher nominal interest rates

C. hurts net creditors

D. all of the above

2. Which of the following is NOT a function of the Federal Reserve?

A. conduct economic research

B. regulate brokers and insurance companies

C. evaluate bank mergers

D. These are all functions of the Fed.

Reference no: EM13772497

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