Describe the New Tools of Monetary Policy of the Fed

question 91

Essay

Describe the new tools of monetary policy of the Fed and explain the basic reasoning of the Fed to create these new ways to deal with the recent financial crisis.

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Definitions:

Certifications

Denotes official recognitions or validations that an individual has achieved a certain level of skill, knowledge, or competence, usually in a specific profession or field.

Duress

a situation where a person is compelled to act against their will or make a contract under pressure or threats, rendering the agreement potentially voidable.

Legal Consent

Agreement given based on a clear understanding of the facts and implications, recognized as valid by law.

Threat

An expression of an intention to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.