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Federal Reserve S Role In The Economy

Federal Reserve's Role in the Economy

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Title: Federal Reserve's Role in the Economy

Essay Details:

Subject: Business

Author: Jessie S

Date: September 27, 2015

Level: University

Grade: A

Length: 10 / 2782

Essay text:

There may still be unexpected breakdowns, but the repairs are usually less costly if regular maintenance is done. The same is true for our economy. The Federal Reserve System consists of 12 Federal Reserve banks located across the nation. These banks act as central bankers for privately run banks within their region. They also supervise and regulate private banking institutions for the benefit of the economy. In order to explain the Fed's role as "mechanic" we must understand the services (maintenance) routinely performed to keep the economy running smoothly. Policies of the Fed are determined by the seven-member board of Governors appointed by the President and confirmed by the Senate...

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