ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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take “politics” out of the money supply
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have a steady supply of money across the nation
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to control inflation through raising and lowering interest rates
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to give Congress and the president more influences over money issues
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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 correct answer is b: reducing income inequality. The Federal Reserve is described as the central bank of the United States. As the country’s monetary authority, the Federal Reserve has certain objectives, which is known as a dual mandate.
Detailed explanation-3: -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-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.