Page 130 questions #1, 2, 4, 11, 14

1)Describe the functions performed by Federal Reserve Banks

2)Define the discount rate and the discount window

4) What are the primary responsibilities of the Federal Reserve Board?

11) Explain how a decrease in the discount rate affects credit availability and the money supply

14) Which of the monetary tools available to the federal reserve is most often used? Federal policies regarding the exchange value of the dollar.