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Excludability matters because it:
Federal Reserve
The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing banking services to governmental institutions.
Board of Governors
The Federal Reserve System’s governing body.
Federal Open Market Committee
A branch of the Federal Reserve that oversees open market operations, including the buying and selling of government securities, to influence the money supply and interest rates.
Open Market Operations
The buying and selling of government securities by a central bank to control the money supply and interest rates in the economy.
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