Question: Write a 700 to 1050 word paper on the U.S. Federal Reserve's monetary policy
Q1. Define the purpose and function of money
Q2. Explain how the central bank manages a nation's monetary system.
Q3. Outline the stated direction of recent monetary policy in the United States.
Q4. List at least one policy action that the Federal Reserve has taken to confirm that direction.
Q5. Explain the effects of monetary policies on the economy's production and employment.