ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Slow down recessions
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Reduce property taxes
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Reduce inflation
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Stabilize the economy
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Detailed explanation-1: -It is the Federal Reserve’s actions, as a central bank, to achieve three goals specified by Congress: maximum employment, stable prices, and moderate long-term interest rates in the United States (figure 3.1).
Detailed explanation-2: -Answer and Explanation: The Fed does not provide banking services to consumers. It is tasked with oversight over the banking sector, regulating the money supply in the economy and implementing monetary policies.
Detailed explanation-3: -Which of the following is not a viable monetary policy target for the Fed? The money demand.
Detailed explanation-4: -[VIDEO] The Goals of the Federal Reserve. Video Player. Stability in the Financial System. Price Stability-Fighting Inflation. Full Employment. Economic Growth. Interest Rate Stability. Currency Stability.