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ECONOMICS
Money is used as a medium of exchanged. There are three main micro and macro
function of money which include a store of value, medium of exchange and unit of account. The
monetary aggregate is the amount of money that is used to be circulated in a country or economy
in order to balance the economic status of a country. This is because in an economy, there should
not be less money among people but also there should not be excess money because it will lead
to inflation.
The Central Bank is important in the economy of a country because it controls the
liquidity in the financial system. The bank is also responsible to give loan to a country in case
there is an emergency where money is required. The current policy of the Fed is to ensure that
there are stable prices, maximum employment and moderated long term interest. There is twopart structure of the Fed which include the board of governors and 12 federal reserve banks.
The three principal function of the government is to provide social network and economic
stability in an economy. There is economic debate in the US on how they can best improve their
economic structure. The federal system of government is where power is divided among the
national government, state and local governments. For example, ...