Federal Reserve System
Not what you're looking for?
Explain the role of the Federal Reserve System and the 12 Federal Reserve Banks.
Discuss the Federal Open Market Committee (FOMC) and the Federal Funds Rate.
What do they do to manage the economy and the money supply? How do they control inflation and deflation?
Purchase this Solution
Solution Summary
This solution of 324 words discusses the Federal Reserve System's roles, what the federal funds rate is and explains management of the economy and money supply.
Solution Preview
The Fed is responsible for conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of
- maximum employment,
- stable prices, and
- moderate long-term interest rates.
It is also responsible for supervising and regulating banking institutions by
- ensuring the safety and soundness of the nation's banking and financial system, and
- protecting the credit rights of consumers.
It is responsible for maintaining the stability of the ...
Purchase this Solution
Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.