Help me reword this??

Question

Help me reword this??

The Fed is organized as a corporation, owned by its member banks, and directed by a government-appointed board. Monetary policy affects the size of the money supply and the level of interest rates. The first "tool" of monetary policy—and the one used least often—is a change in the reserve requirement. The second and most popular and powerful tool of monetary policy is open market operations. A change in the discount rate is the third major tool. The Federal Reserve has other responsibilities as well. These include maintaining the money supply and the payments system, regulating and supervising banks, preparing consumer legislation, and serving as the federal government's bank.

Answer 1

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Answer 2

The Federal Reserve operates as a corporation, with ownership by member banks and oversight from a government-appointed board. Monetary policy has the ability to influence the amount of money in circulation and interest rates. The reserve requirement, which is rarely utilized, serves as the first tool of monetary policy. Open market operations are the second and most commonly used and impactful tool. The discount rate adjustment represents the third significant tool. Aside from these duties, the Federal Reserve also has other obligations. These include managing the money supply and payments system, supervising and regulating banks, formulating consumer protection laws, and acting as the bank for the federal government.