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Explain the traditional tools of monetary policy including the required reserve ratio, the discount rate and open market operations, explain the new approach used by
Explain the traditional tools of monetary policy including the required reserve ratio, the discount rate and open market operations, explain the new approach used by the Federal Reserve to target the Fed Funds Rate. Using bullet points, list and explain the maneuvers made by the central bank to avoid economic ruin and the potential consequences of these actions.
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