128.) The Federal Reserve is considered a powerful institution because it has the power to: Act as a lender of last resort, control money supply in the long term, and print money. Create money, buy government bonds, and control long-term economic growth. Buy government bonds, act as a lender of last resort, and create money. Print money, tax, and control long-term growth

The central bank is the apex bank of the nation. Federal Reserve System is the Central Bank of the…

Answered: The Federal Reserve is considered a…

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter18: Money And The Federal Reserve System

Section18.4: What A Federal Reserve Bank Does

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128.) The Federal Reserve is considered a powerful institution because it has the power to:

		Act as a lender of last resort, control money supply in the long term, and print money.
		Create money, buy government bonds, and control long-term economic growth.
		Buy government bonds, act as a lender of last resort, and create money.
		Print money, tax, and control long-term growth

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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