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The influence that FED policies have on excess reserves makes a difference 2. The primary purpose of the FOMC is to enforce bank regulations and the cyclical asymmetry of monetary policy is of no concern to the FOMC.

The influence that FED policies have on excess reserves makes a difference

  1. The primary purpose of the FOMC is to enforce bank regulations and the cyclical asymmetry of monetary policy is of no concern to the FOMC.

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