Watch this video on Monetary Policy and the Fed.
Second thing:
Read the attached PDF on the Federal Reserve and answer these questions on Goformative using the code: QFCMKM
1. What are the two primary objectives of the Federal Reserve?
2. Using the infographic on p.3 of the reading (p.5 of the PDF), describe the structure of the Federal Reserve - please mention all of the key components.
3. What is the role of the Board of Governors?
4. What do the District Banks do?
5. What role does the FOMC play in the Federal Reserve?
6. What is monetary policy?
7. What are the tools of monetary policy?
8. Describe how open market operations work.
9. What is the discount rate and how is it used to achieve the Fed's objectives?
10. What economic data does the Federal Reserve analyze?
11. Explain to me like I am five: how is the Reserve Requirement used?
12. How does Interest on Reserves influence monetary policy?
Federal Reserve Reading |