In world war ii the federal reserve engaged in a, Financial Management

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In world war ii the federal reserve engaged in a

In World War II the Federal Reserve engaged in a rudimentary form of Open Market Operations and purchased large amounts of Liberty Bonds directly from the US Treasury.

Why did the Federal Reserve agree to this policy?

Under today’s conditions, this action would greatly increase the money supply and lead to inflation. Why did this not happen in World War II?

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Financial Management: In world war ii the federal reserve engaged in a

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