Question 3 - CLO#1 - 6 marks Answer te below questions: 1- Does the Federal Reserve have enough policy tools at its command to do a good job of controlling the money supply? Should Congress give it additional policy instruments - such as direct control over consumer credit or over interest rates on credit cards? (3 marks) 2- If the demand deposit reserve requirement is 10%, banks hold no excess reserves, the public holds no additional currency, and the Federal Reserve purchases $10 million of US Treasury bills from the public, what will be the ultimate impact on the money supply