Money, Banking, and the Monetary System

Description Based on chapters 16 & 17 of attached textbook: The Federal Reserve (Fed) exerts considerable control over the money supply. In your paper:

Identify the tools the Fed uses to control the money supply (traditionally there have been three tools, but see this article (Links to an external site.) for a discussion of a new, fourth tool). Discuss how those tools can be used to control the money supply. Identify the tool the Fed uses most often and explain why the Fed seldom uses the other two. Discuss the most recent actions by the Fed. Evaluate those actions in terms of how they might affect your career decisions. For example, would the Fed actions make it better or worse to seek a job change or to leave the workforce and return to school, etc.). Adhere to the following standards: Your paper should be three to four pages in length, not including the title or references pages. Cite at least three scholarly sources. The Economics Library Guide (Links to an external site.) is a good tool to use to start your research (sources such as The Balance,, Investopedia, other help websites are not acceptable). Review the grading rubric, which can be accessed from the Course Information Be sure to follow the CSU-Global Guide to Writing and APA (Links to an external site.). If you would like, you can use the templates found in the CSU-Global Writing Center (Links to an external site.) to help you format your paper.