In terms of monetary policy, the most important function of district Federal Reserve banks is to: 1. control the short-term interest rate within the district. 2. tell the Federal Open Market Committee about economic conditions in the district. 3. repay businesses if their bank closes down. 4. issue shares of stock in the Federal Reserve.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter24: Money And The Federal Reserve System
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In terms of monetary policy, the most important function of district Federal Reserve banks is to:

1. control the short-term interest rate within the district.
2. tell the Federal Open Market Committee about economic conditions in the district.
3. repay businesses if their bank closes down.
4. issue shares of stock in the Federal Reserve.
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