Directions: Please visit the following website:
· Federal Reserve
Your responses should be a minimum of 1 to 2 paragraphs and should include examples from the reading assignments or personal experience, if possible.
1. Current interest rates are reported in newspaper and the business press. Research consumer rates (home mortgage, auto loan rates, credit card rates) and important macroeconomic rates (federal funds rate, discount rate, prime rate.). Then define each interest rate and to explain why some interest rates follow the overall trend and why other interest rates do not.
2. Using the Federal Reserve website find the following topics and report your findings and why these figures are important to our economy:
· the current money supply
· trends in the money supply
· the most recent minutes of the FOMC
· the most recent change in policy by the Federal Reserve
· the current members of the Board of Governors and the FOMC