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1. Describe the two targets that the Fed can use when establishing monetary policy. Which target has the Fed focused on in recent years? 2.

1. Describe the two targets that the Fed can use when establishing monetary policy. Which target has the Fed focused on in recent years?

2. Explain the usual procedures for examining national banks. How does this process differ from the examination of member banks of the Federal Reserve System holding state charters?

3. Explain the process by which the Federal Reserve Banks provide the economy with currency and coin.

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