How is monetary policy set? Who sets monetary policy? How does this policy affect inflation, the economy?

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  How is monetary policy set? Who sets monetary policy? How does this policy affect inflation, the economy?

     How is monetary policy set? Who sets monetary policy? How does this policy affect inflation, the economy?

2-            What are the four functions of money? Please define each of the four functions.

3-            Why are financial intermediaries important and what is their role?

6-            What happens to interest rates when the economy recovers from a recession?

8-            What are the advantages and disadvantages of the Federal Reserve becoming more transparent about its actions and decisions and disclosing more information to the public?

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