... workings of the Federal Reserve (The Federal Reserve Board, chapter 1). The first of these relates to ensuring that the monetary policies are set by taking into account the level of credit that is available and how changes to the monetary system might have an impact on employment figures and regulation of price. The second task relates to a comprehensive supervision of the ... Reserve Board, chapter 3). But the most important mechanism of implementing the monetary policy relates to setting appropriate interest rates, conducing open market operations, mandating reserve requirements, as w...

• Word Count: 856
• Approx Pages: 3
• Has Bibliography
• Grade Level: Graduate