Explain why the Federal Reserve is less "independent" than it appears to be.
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Q18: The Federal Reserve is this nation's first
Q19: Deposits should expand when the Fed sells
Q20: Currency is an asset of the Federal
Q21: Excess reserve balances pay interest; required reserve
Q22: Though decentralized in geography, today's Fed is
Q24: Reserve requirements apply only to member banks
Q25: There are 12 Federal Reserve District banks
Q26: The current chair of the Federal Reserve
Q27: As the Fed expands the monetary base,
Q28: Open Market Operations are the primary tool
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