8 The Federal Reserve and the U.S. Treasury are two distinct, different agencies. The Fed is concerned

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8 The Federal Reserve and the U.S. Treasury are two distinct, different agencies.

The Fed is concerned primarily with the money supply and the establishment of a stable monetary climate. The Treasury focuses on budgetary matters-tax revenues, government expenditures, and the financing of government debt.

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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