what are the multi-step process involving the methods the Federal Reserve Bank will undertake to create...

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Economics

what are the multi-step process involving the methods theFederal Reserve Bank will undertake to create the $1,200 stimuluschecks? Take us through all of the steps of the process, from theCongress approving a federal expenditure with no tax increase,until the publicâ€™s possession of the newly printedmoney.Â Â Include all ofthe steps that must be undertaken by both theFederal Reserve Bank and by the US Treasury forthis money supply expansion to go from start tofinish.Â Â Do not skip any necessary steps in the process;keep explaining all government steps until youhave the new money.

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The central bank of America is known as Federal Reserve System THE FED It has 3 components aBoard of Governors Its 7 members are responsible for setting discount rate and reserve requirement rate bFederal reserve banks There is a FED bank located in See Answer

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