StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

U.S. Federal Reserve website - Admission/Application Essay Example

Comments (0) Cite this document
Summary
It was created to regulate the fiscal policy of the United States in order to achieve economic stability. Money is the key towards individual and economic success…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
U.S. Federal Reserve website
Read TextPreview

Extract of sample "U.S. Federal Reserve website"

U.S. Federal Reserve Jeffry (2007) asserts, “The Federal Reserve was founded by Congress in 1913 as the central bank of the U.S.”. It was created toregulate the fiscal policy of the United States in order to achieve economic stability. Money is the key towards individual and economic success. Let us talk about the purpose and function of money. Money is necessary to run the economy of a country. “It is one of the most important concepts to be understood in the running of the worlds financial system” (Helfield, 2003). If we talk about the functions of money, we can say that money helps people engage in the indirect exchange of products and services. Whenever we go to a supermarket or to a shopping mall, we need to have money to buy the desired products. Money serves all needs and demands of people that involve money. Without having some amount of cash in the pocket or a debit or credit card, one cannot buy anything from the market because everything has some value and that value is measured in terms of money. Therefore, we can say that money is the resource using which we can fulfill our necessities of life.
In the United States, all decisions of a person regarding use of money are influenced by the U.S. monetary policy. The Central bank develops the monetary policy and brings changes in the interest rates. Decrease in the interest rates increases buying power of the individuals and the firms whereas increase in the real interest rates increases the cost of borrowing which leads to decrease in the demand for goods and services. Wogan (2010) asserts, “The main job of a federal or central bank is to keep an eye on the banks reserves”. The services provided by the Federal Reserve to the government include payment of treasury checks, issuance and transfer of government securities, electronic funds transfer, and maintenance of treasury accounts. So, when the Fed brings changes to its policy, every aspect of the monetary system is affected.
The monetary policy of the United States is currently focusing on price stability and lending out more. Moreover, the current direction of the monetary policy is also towards achieving low inflation target and decreasing the interest rates to increase the buying power of the firms. The FED is using intermediate indicators to achieve the goal of price stability. The Federal Reserve tends to lower the interest rates to achieve the mission of bringing improvement to the buying power of the individuals and firms.
“Fiscal and Monetary polices are tools that the Federal Reserve Bank, and the government uses to help keep the economy running smoothly” (Willingham, 2009). Monetary policies have a great influence on the economy’s production and rate of employment in a country. If the interest rates are lowered, more funds will be available to the country, which can be used to bring improvements to the lives of people. More industries and firms can be created which can create more job opportunities for the citizens. On the other hand, increase in the interest rates adversely affects the levels of production and employment in a country. Therefore, we can say that monetary policy of a country directly influences economy’s production and employment.
References
Helfield, N. (2003). The Meaning of Money: Its Purposes and Functions. Retrieved from http://www.gold-eagle.com/editorials_03/helfield022803.html
Jeffry, E. (2007). How Does The Federal Reserve Affect Interest Rates?.
Retrieved from http://ezinearticles.com/?How-Does-The-Federal-Reserve-Affect-Interest-Rates?&id=404238
Willingham, P. (2009). Fiscal and Monetary Policy, and How They Affect the Economy and You. Retrieved from http://ezinearticles.com/?Fiscal-and-Monetary-Policy,-and-How-They-Affect-the-Economy-and-You&id=2117749
Wogan, J. (2010). The Richest Federal Reserve Banks around the Globe.
Retrieved from http://ezinearticles.com/?The-Richest-Federal-Reserve-Banks-Around-the-Globe&id=4932104 Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“U.S. Federal Reserve website Admission/Application Essay”, n.d.)
U.S. Federal Reserve website Admission/Application Essay. Retrieved from https://studentshare.org/macro-microeconomics/1582634-us-federal-reserve-website
(U.S. Federal Reserve Website Admission/Application Essay)
U.S. Federal Reserve Website Admission/Application Essay. https://studentshare.org/macro-microeconomics/1582634-us-federal-reserve-website.
“U.S. Federal Reserve Website Admission/Application Essay”, n.d. https://studentshare.org/macro-microeconomics/1582634-us-federal-reserve-website.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF U.S. Federal Reserve website

Current Australian Federal Election Campaign

According to the expert analysis the opposition center-left Australian Labor Party, at present led by Kevin Rudd and deputy manager Julia Gillard, will be the major contestant to the current center-right alliance government in authority since the 1996 election, at present led by the Prime Minister in addition to the great leader of the Liberal Party of Australia, and his alliance partner the Deputy Prime Minister furthermore great leader of the National Party of Australia, Mark Vaile.

No doubt, the Australian group of people newspapers are unlike their every day complements in that they do not selectively issue letters to the editor, but characteristically turn out everything they take delivery of. The small numbers of...
7 Pages(1750 words)Term Paper

S&T Debt Factors

The agreement contains a credit default contracts that include credit default swaps, default index contracts, credit default options, and credit default basket options. One can use these as part of the mechanism that is collateralized by debt obligations. The goal should be to establish a price for a given risk and controlling credit based on risk. The credit can be allowed by minimization of risk. Credit controllers should develop versatile tools that transfer risk away from a lender’s balance sheet.
d) With reference to the proposed debt counseling business, illustrate and explain exactly how you would organize the debt counseling operation, taking particular care to explain how and when you would receive payment for...
6 Pages(1500 words)Case Study

The Federal-Aid Highway Act of 1956

Neither did this act increase the federal share to be borne of the expenses of the construction nor did it provide special funding for the project. The states had already completed about 6,500 miles of the allocated improvements when President Dwight D. Eisenhower took office in January 1953. For a period two years from 1954 to 1956, the congress had faced failure on several occasions in passing a national highway bill which would provide means to fund the interstate system. The focus was on the issue of how the expenses would be shared between the federal government and the states. Eisenhower having been in the army knew the importance of constructing well-designed roads to national security. In his address delivered in the State...
15 Pages(3750 words)Report

Organization and Functions of Federal Law Enforcement Agencies

Threats may either appear in the form of terrorism or from other intelligence groups or from the espionage. It may arise within the country, against the existing government or social systems. Though most of the federal law enforcement groups are investigative groups, they are not only focused on investigations but stand for the people. One can see that the importance of the federal agencies is growing day by day because the threats from militants and others have considerably increased. Such kinds of federal law enforcement agencies include Federal Air Marshalls, Secret Service, FBI, Untouchables, C.I.A and Federal Corrections etc. The organization and functions of these agencies vary in different fields and can be cited in the fol...
7 Pages(1750 words)Case Study

How Did Radio in the 1960's Mark the Changing Social Order in the UK and US

...How did radio in the 1960s mark - and even actively promote - the changing social order in the UK and US? The 1960s saw perhaps the greatest social changes in history. For the first time young people and their parents were divided. They had different cultural ideas and little middle ground to understand each other. The music tastes, social conventions and political beliefs of the older generation had been violently rejected by a disaffected youth which sought to establish a new social order. These were times of change, times of disaffection and times in which a whole new social network was being established. This took the form of underground movements, independent press and pirate radio. This essay will focus on this final tool... did radio...
7 Pages(1750 words)Term Paper

Approach to Education: Comparison of Philosophies of A S Neill & Paul Hirst

He believed that to impose anything by authority is wrong. The child should not do anything until he comes to an opinion – his own opinion- that it should be done. He states clearly his commitment to freedom of a child: ‘we set out to make a school in which we should allow children to be themselves. In order to do this, we had to renounce all discipline, all directions, all suggestions, all moral training, and all religious instruction. The child should never be forced to learn, Attendance at lessons should be voluntary whatever the age of the child. Only learning that is voluntarily undertaken has any value, and children will know themselves when they are ready to learn. (Summerhill , p.37)

Children will on...
9 Pages(2250 words)Report

Analysis of Educational Website

... Analysis of Educational Website Introduction Since antiquity, education remained a major component of human societies; however, until few decades ago, it existed in the society in its traditional and conventional form that involved one-to-one interaction of teachers with their students in classrooms. Since few years, educators and scholars have witnessed rapid advancements in the field of information and technology that has altered almost every sector of the society in a rapid manner, and so the education sector as well. In such advancements, internet has now become one of the most popular platforms for students, teachers, businesspersons, and individuals from every sector to acquire education and information within few clicks and minutes...
7 Pages(1750 words)Article

User-Friendly Website Design and Programming

The ability to have the correct design and program as well as the options for user-friendly sites will not only affect the use of the site but will also make a difference in how the company or individual site is represented. Examining the different components of the designing and programming will make a difference in how the users are able to work with different sites.

The common use of websites to find information and businesses has also led to preferences that users have for web sites. Programmers need to keep the idea of what users recommend with websites first. This will make a difference in their desire to navigate through a site and to move through the various pages that send the required information about a busin...
9 Pages(2250 words)Lab Report

The 1846 Invasion into Mexico by the U. S.: The Political and Economic Forces that Brought about the Invasion

Some of the territories led to a war with Mexico from which the United States emerged victorious, expanding its territories and decisively establishing its dominance in North America.

President Andrew Jackson led an example of an administration that set the stage for the way in which James Polk would lead. In 1817, as a still yet military leader, Jackson led the United States into the first of three conflicts with the Seminole Indians from which the acquisition of Florida from Spain would be negotiated and finalized. The situation with Spain was tenuous and should have been dealt with in a diplomatic and cautious manner, but in 1817 President Monroe wrote a letter to General Jackson stating that “Great interests...
8 Pages(2000 words)Article

Should Same Sex Marriage Be Recognized by the Federal Government

...Should Same Sex Marriage be recognized by the Federal Government? al Affiliation While nature has it that people should be attracted to people of the same sex, there have been numerous cases of people getting attracted to people of the same sex as them. Men have reported getting attracted to fellow men and women to fellow women. The relationships between same sex individuals are known as homosexual relationships. Although same sex individuals have been secretly getting married in the past, the issue has escalated in the twenty first century as many of them continue to come out. This has resulted to some nations legalizing unions between same sex individuals. Other nations however oppose this move as immoral and disastrous. Among them...
9 Pages(2250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Admission/Application Essay on topic U.S. Federal Reserve website for FREE!

Contact Us