Name the Three Tools Developed by the Fed in 2007

question 5

Essay

Name the three tools developed by the Fed in 2007 to help manage monetary policy and deal with the financial crisis.

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Definitions:

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, enabling communication and coordination.

Opiates

A group of drugs derived from opium that are used for their analgesic (pain relief) properties, but are also highly addictive.

Electrical Activity

The movement of electrically charged particles, such as electrons, which is fundamental to the operation of electronic devices and biological systems like the human brain.

ERPs

Event-Related Potentials, which are measured brain responses that are the direct result of a specific sensory, cognitive, or motor event.