27. Describe the two things that limit the precision of the Fed\'s control of th

ID: 1191002 • Letter: 2

Question

27. Describe the two things that limit the precision of the Fed's control of the money supply and explain

how each limits that control. (2 Points)

28. Why do Federal Reserve Board of Governors have long (14 year) terms?

29. Why is the Chairman of the Federal Reserve often referred to as the “second most powerful

person in the United States?”

30. Name three actions the Fed can take to increase the money supply.

31. When the Fed purchases government bonds the money supply and the

federal funds rate .

27. The two things that limit the precision of the Fed's control of money supply are

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