Homework: Money and Federal Reserve
Write a 700 to 1,050 words paper on the U.S. Federal Reserve's monetary policy that addresses the following points:
a. Define the purpose and function of money
b. Explain how the central bank manages a nation's monetary system.
c. Outline the stated direction of recent monetary policy in the United States.
d. List at least one policy action that the Federal Reserve has taken to confirm that direction.
e. Explain the effects of monetary policies on the economy's production and employment.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.