Define the purpose and function of money


Question:

Q: As a team, define the purpose and function of money and explain how the central bank of the United States, the Federal Reserve, regulates the monetary system with its various tools. Outline the stated direction of a recent monetary policy taken by the Federal Reserve and list one policy action confirming the direction. What are the effects on monetary policy of production and employment within the economy?

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Microeconomics: Define the purpose and function of money
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