Federal reserve?
what are the steps in the flow of money from the feed to the local banks. (it should pocket 4 steps). I need to variety a flow chart.
Answers: Four steps, eh?
1. The Board of Governors sets a target interest rate for the Federal Funds Rate.
2. The Federal Open Market Committee then go to work. The FOMC adjusts the floor money supply by buying and selling T-Bills on the open markety. So, if it wishes to raise the underpinning money, it buys T-bills for loca banks.
3. When the transaction is settled, the Fed credits the justification of the bank from which it basically purchased the t-bill.
4. The bank can after draw upon the account by order up cash which is debit from the banks information and the Fed, and shows up at the bank contained by an armored car.
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Answers: Four steps, eh?
1. The Board of Governors sets a target interest rate for the Federal Funds Rate.
2. The Federal Open Market Committee then go to work. The FOMC adjusts the floor money supply by buying and selling T-Bills on the open markety. So, if it wishes to raise the underpinning money, it buys T-bills for loca banks.
3. When the transaction is settled, the Fed credits the justification of the bank from which it basically purchased the t-bill.
4. The bank can after draw upon the account by order up cash which is debit from the banks information and the Fed, and shows up at the bank contained by an armored car.