Title: money makes the world go round

Essay Details

Subject: History
Author: Margaret S
Date: August 20, 2014
Level: University
Grade: A
Length: 5 / 1390
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Interest rates are the driving force in the United States economy. It determines how much consumers will pay for credit cards, car payments, bank loans and most important your mortgage! That's right, your mortgage. Here is a simple way of explaining the actions of the Federal Reserve: Increasing the interest rates = Fighting inflation in our economy ____________________...

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Decreasing the interest rates = Loosening the money supply to lubricate the financial markets ____________________. The game plan for the Fed is to keep our economy in check and the value of the US dollar as strong as possible ____________________. The Fed must look at employment levels, the stock market, global business, consumer spending and many other economic indicators to determine the direction of the economy and the required action to keep everything in balance ____________________...

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