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  • What is the role of the Federal Open Market Committee (FOMC) in the United States? #411
  • What is the purpose of open market operations conducted by central banks? #412
  • What does the term "discount rate" refer to in the context of central banking? #413
  • What is the dual mandate of many central banks? #414
  • How does a central bank use contractionary monetary policy? #415
  • In the context of central banking, what is the "lender of last resort"? #416
  • What is the primary tool used by central banks to influence short-term interest rates? #417
  • What is the purpose of central bank independence? #418
  • How are interest rates and economic activity generally related? #419
  • What is the impact of higher interest rates on borrowing costs? #420
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