Federal Reserve] Chairman Alan Greenspan decided seven years ago to publicize the central bank's interest-rate moves once they were made. Now, each meeting of the Fed - whether the central bank changes rates or not - triggers a chorus of instant analysis of what it means for the economy and the financial markets. - Source: Business Week, July 23, 2001 Which primary function of the Federal Reserve is the subject of this passage above?

Question

Adelyn Haas

Business

12 July, 08:22

Federal Reserve] Chairman Alan Greenspan decided seven years ago to publicize the central bank's interest-rate moves once they were made. Now, each meeting of the Fed - whether the central bank changes rates or not - triggers a chorus of instant analysis of what it means for the economy and the financial markets. - Source: Business Week, July 23, 2001 Which primary function of the Federal Reserve is the subject of this passage above?

+5

Answers (2)

Know the Answer?

Norris · Answer 1

regulating the money

Explanation:

From what is said to have happened in this event, what we can notice from this is that the Federal Reserve is trying to regulate the monetary activities. As we know, one among other function or duties of the Federal reserve is regulating the money in the economy of a nation.

Alessandro Bray · Answer 2

regulating the money

Explanation:

Based on the scenario being described it can be said that the primary function of the Federal Reserve that is being explained is known as regulating the money. This is the act of the federal reserve to indirectly change the exchange rates of a countries currency when it either increases or lowers the fed funds rate.