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1. Check Understanding What is money creation? 2. Summarize What are the three basic tools the Federal Reserve can use to affect the nation's money supply and implement monetary policy? 3. Hypothesize What would likely happen if the Fed changed reserve requirements? 4. Analyze Information Why do the discount rate, federal funds rate, and prime rate have a limited impact on the long-term growth of the economy? 5. Synthesize What was one benefit and one cost of the Fed's unusual step of buying long-term securities following the financial crisis of 2008-2009