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can you fix this paragraph? There are multiple reasons why people may feel that the Federal Reserve may be a monopoly. A monopoly is when

can you fix this paragraph? There are multiple reasons why people may feel that the Federal Reserve may be a monopoly. A monopoly "is when a single company or entity creates an unreasonable restraint of competition in a market." (Legal Information Institute- Monopoly, n.d.) The Federal Open Market Committee (FOMC) is within the Federal Reserve and is responsible for "managing the nation's money supply." (Federal Reserve Board- About the Fed, 2024) Some of these reasons include having exclusive control over U.S. currency, impacting interest rates, and controlling inflation. No other government entity has this type of authorization and power to complete these tasks, leading to 'an unreasonable restraint of competition in a market." (Legal Information Institute- Monopoly, n.d.)

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