Problem
1. (Federal Reserve System) What are the main powers and responsibilities of the Federal Reserve System?
2. (Bank Deregulation) Some economists argue that deregulated deposit rates combined with deposit insurance led to the insolvency of many depository institutions. On what basis do they make such an argument?
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.