Michael Smith - Ted Talks

I'd like to alter the assignment. As noted Wednesday, review "Ted talks - what gives a dollar its value and go to the Federal Reserve site, thefederalreserve.gov and answer the following: What is the Federal Reserve? What are its goals and role? Who owns the Fed? Explain the following Federal Reserve tools: 1. open market operations, 2.discount rate and 3.reserve requirements. This shold be submitted at class or via e-mail is you wish.

The additional assignment will be to watch a Fed You Tube clip and provide analysis. This will be provided later today. You will find this clip extremely interesting, informative and noteworthy.