Published on November 27, 2015
For more course tutorials visit www.uophelp.com The Federal Reserve System is the central bank of the United States and, as such, plays an important role in our financial system. The monetary policy implemented by the Federal Reserve System can affect individual financial matters as well as the economy as a whole. 5. Write a 700- to 1,050-word research paper explaining the structure and functions of the Federal Reserve System. Include in your paper a discussion of the basic structure of the Fed, the primary responsibility of the Fed, and a thorough explanation of the basic policy instruments of the Fed: a. Reserve requirements i. Bank reserves ii. Fractional reserve system iii. Required reserves ratio b. The discount rate i. The discount rate’s relation to banks’ prime rate c. Open market operations i. The federal funds rate ii. Federal reserve notes 6. Cite at least three sources. 7. Post your paper to the Assignments section as an attachment.