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  • Unemployment And Inflation Rates
    863 words
    I. Introduction In order to promote national economic goals, a central bank acts to influence the availability and cost of money and credit, this is known as monetary policy. The Fed has three main tools with which to carry out policy. These instruments of monetary policy are open market operations, discount policy and reserve requirements. Open market operations are the Fed's most important tool. It causes a change in the monetary base. When banks need to borrow money; they borrow it from the F...
  • Most Common Use Of Water Transportation
    1,520 words
    5 Modes of Transportation In order to have easy mobility of persons and goods, it is necessary to have a sophisticated and widespread transportation system. This system is made up of five primary areas of transportation, which are: - Motor vehicles- Railroad transportation- Air transportation- Water transportation- Pipelines Each of these five modes consists of different subsystems which make up the system. Each mode is used to transport persons or goods, but in many instances, one mode may be f...
  • Federal Funds Rate Changes
    1,250 words
    Chairman of the Board Created in 1913 by the government, the Federal Reserve System a. k. a. "the Fed", was created to control the previously unregulated backing system. There's a central Board of Governors in Washington, D.C. and 12 regional Federal Reserve Banks. There is also the Federal Open Market Committee, responsible for the changed in interest rates. Made up of seven members, the Board of Governors members are first appointed by the president, and confirmed by the Senate for their fourt...
  • Federal Reserve Responsibility For Setting Monetary Policy
    471 words
    Monetary Policy Ulrica Clark Chapter 15 Monetary Policy Monetary policy has some basic goals: to promote 'maximum's ustainable output and employment and to promote 'stable' prices. The term 'monetary policy' refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy. The Fed ca...
  • Recession Will The Federal Reserve System
    2,177 words
    The economy of the United States of America is the largest in the world. In 2000, the U.S. had a Gross Domestic Product (GDP) of 9,318.5 billion dollars. (Real Gross Domestic Product, 2001) The United States has an economy that is market driven but government regulated. Because the economy is market driven, it tends to have a cyclical nature. The market contracts, which causes a decrease in GDP, and it expands which causes the GDP to rise. This cycle is constantly in motion. Before the Great Dep...
  • Uniformity Within A Drinking Age Law
    640 words
    In 1987, the power of the 21st Amendment of the Constitution was in question by South Dakota and the State Secretary of Transportation (1983-87), 1 Elizabeth Dole. The 21st Amendment declares that states have complete control over production, sale, and transportation of alcohol and that liquor importation and sale are no longer prohibited among states of the US (since the prohibition law of the 18th Amendment). However, a federal law states that in order for a portion of federal highway funds to...

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