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what are the multi-step process involving the methods the Federal Reserve Bank will undertake to create...

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Economics

what are the multi-step process involving the methods theFederal Reserve Bank will undertake to create the $1,200 stimuluschecks? Take us through all of the steps of the process, from theCongress approving a federal expenditure with no tax increase,until the public’s possession of the newly printedmoney.  Include all ofthe steps that must be undertaken by both theFederal Reserve Bank and by the US Treasury forthis money supply expansion to go from start tofinish.  Do not skip any necessary steps in the process;keep explaining all government steps until youhave the new money.

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The central bank of America is known as Federal Reserve System THE FED It has 3 components aBoard of Governors Its 7 members are responsible for setting discount rate and reserve requirement rate bFederal reserve banks There is a FED bank located in    See Answer
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