Which of the following are the Federal Open Market Committee responsible for? Check all that apply. Revising reserve requirements Providing loans to depository institutions Replacing old currency Manipulating the money supply through open-market operations Use the following table to determine the correct order of the given steps in the Federal Reserve's monetary policy decision-making process. Step Description Step Order Presentations are made by staff members about current economic conditions and recent economic trends. 1 2 Voting members of the FOMC vote on whether the federal funds rate target should be changed. 3 4 FOMC members receive expert analyses of the economy and economic forecasts. 5 FOMC members receive the Beige Book, which is a consolidated report of regional economic conditions in each of the 12 districts. la The manager of the Trading Desk instructs traders who work at that desk on the amount of Treasury securities to buy or sell in the secondary market. 4. How the Fed measures the money supply Which of the following does the Fed use as a reliable measure for monitoring and controlling the money supply? Check all that apply. MI M2 M3 Identify whether each of the following examples belongs in M1, M2, or M3. If an example belongs in multiple categories, be sure to check multiple boxes. Example M1 M2 M3 A bank sells securities to another bank and agrees to buy the securities back at a higher price, one month from today. Bob has $3,000 in a savings account. Sean has a roll of quarters that he just withdrew from the bank to do laundry. U 0