(Answered) How is monetary policy set

Economics

Question 1: How is monetary policy set? Who sets monetary policy? How does this policy affect inflation, the economy?

Question 2: What are the four functions of money? Please define each of the four functions.

Question 3: Why are financial intermediaries important and what is their role?

Question 4: What happens to interest rates when the economy recovers from a recession?

Question 5: What are the advantages and disadvantages of the Federal Reserve becoming more transparent about its actions and decisions and disclosing more information to the public?

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