Answered: Discussion board for economics class:…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter11: Marketing And Distribution

Section: Chapter Questions

Problem 19AA

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Discussion board for economics class: The Federal Reserve

Instruction:

Open a new thread and answer the question posted below. Your answer should be in the form of a mini-essay between 150-300 words.
Read and respond to at least one of the your other classmates’ posts.

Question: Some argue that the Federal Reserve is critical to our continuous economic stability and prosperity. Some others contend that the Fed should be abolished. What do you think is the right perspective?

……………..Answer Preview………………

America’s central bank is known as the Federal Reserve and is fully responsible for the stability, flexibility as well as well-being of its financial and monetary systems (Bernanke, 2013). The Fed oversees and manages banks and other financial institutions in order to assure the well-being of the banking and financial systems of the country and to safeguard the credit rights of customers. The fed undertakes monetary……

APA

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