Explain how the Fed uses open market operations
to target the federal funds rate. Why does
the value of the federal funds rate matter?
Why is it important to have a central bank to act
as a lender of last resort?
Explain how the Fed uses open market operations
to target the federal funds rate. Why does
the value of the federal funds rate matter?
Why is it important to have a central bank to act
as a lender of last resort?
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