ALL of them please. 1. Money & BankingA) Define (in your own words, please do not use the book, or other online resources) and give astrong, unique, example for the following terms. Answers will be checked for originality.Store of Value:Automatic Stabilizer:FOMC:Discount Rate:List the names and dates of the last four chairmen of the FED, starting with the current one:Transaction Costs:Federal Funds Rate:

Answered: 1. Money & Banking A) Define (in your…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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ALL of them please.

1. Money & Banking
A) Define (in your own words, please do not use the book, or other online resources) and give a
strong, unique, example for the following terms. Answers will be checked for originality.
Store of Value:
Automatic Stabilizer:
FOMC:
Discount Rate:
List the names and dates of the last four chairmen of the FED, starting with the current one:
Transaction Costs:
Federal Funds Rate:

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The central bank's monetary policy is the approach it takes to regulating the amount of money in circulation. To regulate the flow of money, it makes use of open market operations, discount rates, and bank rate instruments.
Fiscal policy is the term used to describe the way in which the government manages the amount of money in the economy. It is accomplished by affecting the amounts of taxes, spending, and borrowing by the government.

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