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In World War II the Federal Reserve engaged in a rudimentary form of Open Market Operations and purchased large amounts of Liberty Bonds directly from the US Treasury.
Why did the Federal Reserve agree to this policy?
Under today’s conditions, this action would greatly increase the money supply and lead to inflation. Why did this not happen in World War II?
In an efficient market, the price of a security will:
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Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for $22,691.00 that will pay them $3,500 per year for 10 years. They don’t have the slightest idea..
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