Eco 212 week 5 Individual Assignment Federal Reserve PaperIndividual Assignment: Federal Reserve PaperÂ· Resources:U.S. Federal Reserve Web siteÂ· Locate the section forMonetary Policyand the section forMonetary Policy Report to the Congress, from the U.S. Federal Reserve Web site.federalreserve.gov/”>http://www.federalreserve.govÂ· Read the most recent report by the Federal Reserve Chairman.Â· Write a 700- to 1,050-word paper on the U.S. Federal Reserveâs monetary policy that addresses the following points:o Define the purpose and function of moneyo Explain how the central bank manages a nationâs monetary system.o Outline the stated direction of recent monetary policy in theUnited States.o List at least one policy action that the Federal Reserve has taken to confirm that direction.o Explain the effects of monetary policies on the economyâs production and employment.Â· Citeyour references appropriately.If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.Â· Format your paper consistent with APA guidelines.
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