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Topic: Business
Number of pages / Number of words: 7 / 1710
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The chairman and the other six members of the Board of Governors.

b. The president of the Federal Reserve Bank of New York.

c. The presidents of the other regional Federal Reserve banks (four vote on a yearly rotating basis).

Monetary policy is conducted by the Federal Open Market Committee. Monetary policy is the setting of the money supply by policymakers in the central bank and the money supply refers to the quantity of money available in the economy...


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Monetary policy is the setting of the money supply by policymakers in the central bank and the money supply refers to the quantity of money available in the economy.

Three Primary Functions of the Central Bank:

1) Regulates banks to ensure they follow federal laws intended to promote safe and sound banking practices...


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