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What is the Federal Reserve? What is the current responsibility? Key services and Components of the Finical system? What are the Key functions of Money?

What is the Federal Reserve? What is the current responsibility?

Key services and Components of the Finical system?

What are the Key functions of Money?

What is the difference between an investor and a trader? What is financial arbitrage?

Why is the demand curve downward sloping in the loanable funds model? Why is the supply curve upward-sloping?

Need brief answers for the above questions from the book Hubbard, R.G., O'Brien, A.P. (2022). Money, Banking, and the Financial System 4th ed. New York, NY: Pearson Education.

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