What else can I say about this or what can be made? Board of Governors of the Federal reserve system Located in Washington DC, this seven-member board plays an instrumental role in the Federal Reserve System. All seven members are members of the FOMC and vote on open market operations. They set reserve requirements for banks and control the discount rate through the "review and determination" process. Furthermore, the chairman of the Board advises the President of the United States on economic policy. This board is quintessential to our Federal Reserve System.
Functions of the Federal Reserve System
The Federal Reserve System looks after the financial activities and operations of the banking system. It is the apex body that has complete control over the banking regulations. All the guidelines regarding the banking system, money supply, and formulation of the monetary policy come under the purview of the Federal Reserve System. The New York Fed also helps in drafting the monetary policy and supervising the financial system.
Elastic and Inelastic Markets
Measuring the change in percentage of an economic variable with respect to change in a different economic variable is known as elasticity. This change in percentage results in a change in price concerning changes in other factors. In simple terms, when one factor brings a change to another factor, it is called elasticity.
What else can I say about this or what can be made?
Board of Governors of the Federal reserve system
Located in Washington DC, this seven-member board plays an instrumental role in the Federal Reserve System. All seven members are members of the FOMC and vote on open market operations. They set reserve requirements for banks and control the discount rate through the "review and determination" process. Furthermore, the chairman of the Board advises the President of the United States on economic policy. This board is quintessential to our Federal Reserve System.
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