Assignment:
Write a 2 page paper that addresses the following:
•Explain the structure of the Federal Reserve Bank and the primary responsibilities of the regional banks, board of governors, and FOMC.
•Discuss the difference between the federal funds rate and the discount rate.
•Thoroughly explain the monetary policy tools. How might the Federal Reserve use these tools when taking an expansionary stance? How might the Federal Reserve use these tools when taking a contractionary stance?
•Include a discussion of the Federal Reserve System and its independent relationship to the Federal government. Should it be independent? Why, or why not.
Required Format
•Correct APA format for answers (coversheet with name, course number, section number, unit number, date, answers double spaced, in Times New Roman 12-point font)
•Correct citations within answers
•Standard English with no spelling or punctuation errors
•Correct references at the bottom of the last page