What are the component of most narrowly defined money supply, Macroeconomics

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What are the component of most narrowly defined money supply

Problem

1. What are the components of the most narrowly defined money supply in the United States?

2. Distinguish between M1 and M2. What are near monies?

3 What is the major purpose of the Federal Reserve System? What is the major responsibility of the Board of Governors and the Federal Open Market Committee?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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