Question Details

Prepare a 700-1,050-word paper on the U.S. Federal Reserve- monetary policy. In the paper, address all of the following:
 
 
 
 
1.     Define the purpose of money and its three functions.
2.     Describe the three tools used by the Federal Reserve to manage our nation- monetary system.
3.     Explain the effects of monetary policy on an economy- production and employment rate.
4.     Outline the stated direction of recent monetary policy in the US - monetary easing or tightening? (from Fed website)
5.     List at least one policy action that the Federal Reserve has taken to confirm that direction. (from Fed website)


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