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Questions and Answers
What are the learning objectives related to central banks discussed in the text?
- Explain the origin and functions of central banks. 2. Analyze the objectives of central banks. 3. Describe the features of an effective central bank. 4. Discuss the relationship between monetary and fiscal policy.
When did the U.S. Federal Reserve begin operating?
1914
What did King William of Orange create the central bank for?
To finance wars
How old is the phenomenon of central banking?
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What did central banks fail to foresee and prevent?
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