Notes cover the introduction to the institution called the US federal reserve and its role in monetary policy. It starts with a brief history of the creation of the US federal reserve, its role in the monetary system and it involvement with banks. Other subject covered are; Deposit Expansion Multiplier (DEM), Deposit Expansion Process, Electronic Transfers, Federal Open-Market Committee, Key Interest Rates, Contractionary Monetary Policy Transmission Mechanism, Expansionary Monetary Policy Transmission Mechanism, Monetary Policy Lags, and Great 2008 Recession
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£3.25