How is monetary policy set? Who sets monetary policy? How does this policy affect inflation, the economy?
2- What are the four functions of money? Please define each of the four functions.
3- Why are financial intermediaries important and what is their role?
6- What happens to interest rates when the economy recovers from a recession?
8- What are the advantages and disadvantages of the Federal Reserve becoming more transparent about its actions and decisions and disclosing more information to the public?