ECONOMICS
MONETARY POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Control of the money supply
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Maximum employment
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Price stability
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None of the above
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Detailed explanation-1: -The Federal Reserve System has been given a dual mandate-pursuing the economic goals of maximum employment and price stability.
Detailed explanation-2: -The Federal Reserve Board, which is the governing body that manages the Federal Reserve System, oversees all domestic monetary policy.
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: -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.