Ch. 15 Reading Guide

Good morning all!  I hope you have your book and are ready to complete the reading guide.  Please have it done for tomorrow.


1.  Compile a list of bank assets and bank liabilities.


2.  Define the 3 tools of monetary policy held by the Fed.
a.  Open Market Operations
b.  The Reserve Requirement
c.  Benchmark Interest Rate (The Discount Rate and Federal Funds Rate)


3.  Define easy money policy and tight money policy.  Describe when the Fed. would wish to implement each.


4.  Create a chart detailing how each tool described in #2 would be used during:
a.  An easy money policy
b.  A tight money policy




5.  Describe how Janet Yellen is able to be both brilliant and beautiful at the same time.