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Discuss the major policy controls of the Federal Reserve. Include in your discussion the relative effectiveness of open-market operations, the discount rate, and the legal

Discuss the major policy controls of the Federal Reserve. Include in your discussion the relative effectiveness of open-market operations, the discount rate, and the legal reserve requirement.

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The Federal Reserve as the central banking system of the United States employs various policy controls to regulate the countrys monetary system and achieve its dual mandate of promoting maximum employ... blur-text-image

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