- Premium Academic Help From Professionals
- +1 323 471 4575
- support@termhomework.com
Describe the Goals and Objectives of Federal Reserve Questions solution
Describe the Goals and Objectives of Federal Reserve Questions
Table of Contents
Assignment ID Number AFFGEHU83939HD Type of Document Essay Writing Format APA/MLA/Harvard Academic Level Masters/University References/Sources 4 References Instructions:
Describe the Goals and Objectives of Federal Reserve Questions
describe the goals and objectives of the Federal Reserve?
Does the Federal Reserve or the federal government set interest rates for our country?
What are the three (3) monetary policy tools used by the Federal Reserve?
What are the two (2) fiscal policy tools used by the federal government?
In one to two sentences, define the term, “Quantitative Easing?”
Does the Federal Reserve or the federal government print our country’s paper money?
In one to two sentences, describe expansionary monetary policy?
In one to two sentences, describe expansionary fiscal policy?
Explain how the Federal Reserve would be able to contract our country’s money supply using all three monetary policy tools?
Explain how the Federal Reserve would be able to expand our country’s money supply using all three monetary policy tools?
additional info I have to provide: Fiscal policy is used by the federal government; fiscal policy consists of taxation and government spending.Monetary policy is used by the Federal Reserve and it consist of the Discount Rate, Federal Reserve Ration, and the Open Market Operation.Fiscal policy is used by the federal government when our economy is going through financial hardships within our economy. During periods of financial distress, the federal government will increase government spending to stabilize our economy and the fastest way for the federal government to increase its monetary resources is to increase taxes.Expansionary fiscal policy implies that the federal government is increasing government expenditures and/or decrease taxes to stabilize our economy and to promote growth and employment. The purpose behind expansionary fiscal policy is to circulate additional monies into our economy and to allow consumers the ability to increase their purchasing power to acquire additional goods and/or services.Contractionary fiscal policy is when the federal government decreases government expenditures and/or an increase in taxation. Contractionary fiscal policy is used to contract our economy and to reel in expenditures, which would most likely to accompanied by higher taxes that would decrease consumer purchasing power.Expansionary monetary policy implies that the Federal Reserve is seeking to increase our country’s money supply and to increase the volume of money that is circulated within our economy to promote economic growth and employment.
Contractionary monetary policy implies that the Federal Reserve is seeking to contract our country’s money supply and to decrease the volume of money that is circulated within our economy as a stabilization mechanism. Contractionary monetary policy is used to slow down our economy and to prevent high levels of inflation.Expansionary Money Policy is achieved in the following manner:Decreasing the Discount RateDecreasing the Federal Reserve Requirement RatioSelling of Government SecuritiesContractionary Monetary Policy is achieved in the following manner:Increasing the Discount RateIncreasing the Federal Reserve Requirement RatioPurchasing of Government SecuritiesThe Discount Rate is the rate financial institutions are charged by the Federal Reserve to lend funds overnight or until the next business day.The Federal Reserve Requirement Ratio is the percentage of money that financial institutions are required to save back in reserves from all checkable deposits.The Open Market Operation is the sale and purchase of government treasuries and bonds. Open Market Operation is most frequent used as it allows the Federal Reserve to inject a large amount of money into our economy.The first banker’s in the United States were Goldsmiths. Since gold is very heavy to carry, Goldsmiths began to issue notes so it was easier for consumers to exchange notes as a medium of exchange (bartering system) to acquire goods and service. To provide stability and uncertain the Federal Reserve was created and enacted as a country’s Central Banking System.The federal funds rate is the percentage financial institutions charge one another to lend monies overnight or until the next business day.
The Federal Reserve is known as the banker of last resorts as financial institutions who are unable to borrow funds from other financial institutions will go to the Federal Reserve for funds. The Federal Reserve was enacted in 1913 by President Woodrow Wilson. Goals and objectives of the Federal Reserve include:Control the money supplySupply the economy with paper money (Federal Reserve notes)Provide check clearing servicesHold depository institutions’ reservesSupervise member banksServe as the government’s bankerServe as the lender of last resortHandle the sale of U.S Treasury Securities (Bills, notes, and bonds)There are two types of money supplies in the United States, the M1 and M2 money supplies.
M1 money supply is considered as money and consists of checkable deposits, currency, traveler’s checks, money orders, and cashier’s checks. M2 money supply is not considered as money, it consists of the M1 money supply, savings, money market accounts, and certifications of deposit.Money was created as an acceptable means to barter for goods and services. A bartering system would be very difficult for our economy to adopt as money serves, as the following functions:Unit of account – This is the actual cost of a good and service.Medium of exchange – Money is used to engage in monetary exchanges for consumers to acquire goods and services. A bartering system would align with a medium of exchange, but it is difficult to determine goods and services as a unit of account and store of value. Cigarettes used by incarcerated prisoners is the most successful bartering system in the entire world.Store of value – Value assigned to the U.S. dollar. Other goods (commodities) that serve as a store of value include precious gems, diamonds, real estate, antiques, and paintings.
Describe the Goals and Objectives of Federal Reserve Questions
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
CLICK ON THE LINK HERE: https://termhomework.com/orders/ordernow
You Can Also Place the Order In www.termhomework.com/orders/ordernow / www.essaysolver.com/orders/ordernow
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME]and Have It Done by Our PhD Qualified Writers!!
Describe the Goals and Objectives of Federal Reserve Questions
PLACE THE ORDER WITH US TODAY AND GET A PERFECT SCORE!!!
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME] and Have It Done by Our PhD Qualified Writers!!
Why Work With Us!!
Tired of getting an average grade in all your school assignments, projects, essays, and homework? Try us today for all your academic schoolwork needs. We are among the most trusted and recognized professional writing services in the market.
We provide unique, original and plagiarism-free high quality academic, homework, assignments and essay submissions for all our clients. At our company, we capitalize on producing A+ Grades for all our clients and also ensure that you have smooth academic progress in all your school term and semesters.
High-quality academic submissions, A 100% plagiarism-free submission, Meet even the most urgent deadlines, Provide our services to you at the most competitive rates in the market, Give you free revisions until you meet your desired grades and Provide you with 24/7 customer support service via calls or live chats.
