Response to the following questions:
1. What changes did the Fed implement to its discount window lending policy in the early 2000s? in the late 2000s?
2. Which of the monetary tools available to the Federal Reserve is most often used? Why?
3. Describe how expansionary activities conducted by the Federal Reserve impact credit availability, the money supply, interest rates, and security prices. Do the same for contractionary activities.
4. Summarize the monetary policy measures taken by central banks to address the worldwide financial crisis.