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MGT3550 1

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MGT3550

1.Can seashells be money? Answer this question considering the three functions of money we discussed

2. Calculate the total increase in deposit of a bank in the following case:

Initial deposit: $ 500

RRR: 5 percent

3. What are -according to the testimony of Jerome Powell - the main goals/objectives of the Federal Reserve? Are they different from those mentioned in table 15.2 of the power points on central bank?

4. Discuss the structure and the function of the FOMC

5.Which component of the Federal Reserve System sets the discount rate and what will be the effect of its increase?

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