Answered: What powers does the federal reserve ha

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Economics

What powers does the federal reserve ha

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

What powers does the federal reserve have ?

Expert Solution

Step 1

Federal Reserve is the central bank of the country which is also called the bankers' bank. The smooth functioning of the banking system in a country depends on the policies made by the central bank and efficient policy leads to economic growth.

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