Explain how a central bank eg the us federal reserve bank


Explain how a Central Bank (e.g. the US Federal Reserve Bank, or "Fed") functions in order to: a) control the monetary base ("Hint": the amount of high-powered money); and b) through this control, how it affects the "Fed Funds" rate of interest and hence, interest rates throughout the country?

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Business Economics: Explain how a central bank eg the us federal reserve bank
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