Question: 1 Explain two reasons why the Fed does not have complete control over the level of bank deposits and loans. 2 Why do U.S

1 Explain two reasons why the Fed does not have complete control over the level of bank deposits and loans. 2 Why do U.S Treasury bills have lower interest rates than large- denomiation negotiable bank CDs? 3 Describe the main functions of money in economy. Give a simple example for each function.

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