I. Please answer these questions about the money supply process:

(a) Name the three main players and what each controls.

(b) See the U.S. FED site:

https://www.federalreserve.gov/monetarypolicy.htmLinks to an external site.

(i) Use the link to state the goals of monetary policy in the U.S.

(ii) Name the main tools of conventional monetary policy and briefly explain each (the three main tools are listed first under the "Policy Tools" link at the top).

(iii) Find and read the statement from the most recent FOMC meeting. (Under recent documents, see "FOMC statement".) Summarize briefly the statement, including any action taken.