The part of the federal reserve having the greatest impact on our overall economy is the

The part of the Federal Reserve having the greatest impact on our overall economy is the Federal Open Market Committee.

The Federal Open Market Committee works with the Federal Reserve Board. These members meet often to make sure monetary policy is regulated. Not only do they want the monetary policy to be regulated and be an honest service, they also make sure banks are not being charged astronomical rates for interest.

a punishment or the threat of punishment used to enforce conformity. enforcement of norms or shared rules of conduct that tell people how to act in specific situations. social control. not everyone internalizes all of society's norms, and some people must be motivated by self-fulfillment.

protectionism fosters competition and keeps price regulated is not an argument in favor of protectionism.