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Economics

Please write in some detail on all of the followings:

1. Please distinguish between reserve, required reserve, excess reserve.

2. Please explain how the three traditional tools of monetary policy work in terms of expansionary and contractionary monetary policy.

3. Banks create money. How?

4. Please distinguish among: bank panic, bank run and bank failure

5. Please distinguish between: M1 and M2.

6. What are the two responsibilities of the Federal Reserve?

7. FOMC: what does it mean? What are its functions?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91407658

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