5. The Federal Reserve System is a central banking authority designed to provide a stable monetary framework

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5. The Federal Reserve System is a central banking authority designed to provide a stable monetary framework for the entire economy. It establishes regulations that determine the supply of money. It issues most of the currency in the United States. It is a banker's bank.

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Macroeconomics Private And Public Choice

ISBN: 9780123110701

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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