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How did the National Bank Act of 1864 tighten the money supply What was the weakness of the National Bank Act of 1864

How did the National Bank Act of 1864 tighten the money supply?

b.What was the weakness of the National Bank Act of 1864?

2.              What are the functions of the Board of Governors of the Federal Reserve System?

3.              What is the main purpose of the Federal Reserve System? How does it fulfill this purpose?

 

4.              a.What is an open market operation? Who conducts them?

b.What kind of open market operation would cause the money supply to contract? How does this work?                                           When would the Fed be most likely to do this?

5.              Can the Fed control both the interest rate and the size of the money supply? Explain.

Feb 11 2020 View more View Less

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