hapter, you should be able to Qeview Now that you have completed Cectives 1. List the economic goa of monetary policy (p. 66). e Federal Reserve (pp. 67-68). mercial banks lead to a multiple expansion tools of monetary policy are used to affect the supply of the tools of monetary policy is the most important 2. Describe the structure of the Federal Re 3. Explain how deposits in commercio in the money supply (pp. 68-72). 4. Define the federal funds rate (p. 73). 5. Illustrate how the tools of mon of money and credit (pp. 75-78). 6. Determine which of the tools of monetary (pp. 7778). xplain how the Federal Reserve uses open market operations to affect the federal funds rate (pp. 77-78). 8. Identify the potential impact that a federal government deficit has on the monetary system (pp. 78-81). 9. Define inflation, deflation, and recession; explain how each is measured (PP. 82-84) and why inflation is associated with higher interest rates, (pp. 82-83). hapter, you should be able to Qeview Now that you have completed Cectives 1. List the economic goa of monetary policy (p. 66). e Federal Reserve (pp. 67-68). mercial banks lead to a multiple expansion tools of monetary policy are used to affect the supply of the tools of monetary policy is the most important 2. Describe the structure of the Federal Re 3. Explain how deposits in commercio in the money supply (pp. 68-72). 4. Define the federal funds rate (p. 73). 5. Illustrate how the tools of mon of money and credit (pp. 75-78). 6. Determine which of the tools of monetary (pp. 7778). xplain how the Federal Reserve uses open market operations to affect the federal funds rate (pp. 77-78). 8. Identify the potential impact that a federal government deficit has on the monetary system (pp. 78-81). 9. Define inflation, deflation, and recession; explain how each is measured (PP. 82-84) and why inflation is associated with higher interest rates, (pp. 82-83)