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Why the stability of the interest rate is considered one the main objectives of a modern central bank? How many directors each Federal Reserve Bank

  1. Why the stability of the interest rate is considered one the main objectives of a modern central bank?
  2. How many directors each Federal Reserve Bank has and who appoints them?
  3. Which component of the Federal Reserve System decides on the open market operations and what will be the effect of buying government securities?
  4. What is the primary justification for having an independent central bank?

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