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ECO320
Preview: ECO320 : Money and Banking
Course Guide
Prerequisites
Course Description
Instructional Materials
ECO100 or ECO102
Discusses the role of financial institutions, the banking system, the Federal Reserve System, and the
nature and effectiveness of monetary policy tools.
Required Resources
Stephen G. Cecchetti. 2021. Money, Banking and Financial Markets. ECO320 McGraw-Hill
Education 6th edition textbook available at https://www.strayerbookstore.com
Supplemental Resources
FRED. No date. Monetary Data. https://fred.stlouisfed.org/categories/24
U.S. Currency Education Program. No date. The Life Cycle of a Federal Reserve Note.
https://www.uscurrency.gov/life-cycle/life-cycle-infographic
The Divergent View. No date. Present Value, Future Value, and Discount Rate.
https://divergentview.com/investment_guide/present-value-future-value-and-discount-rates/
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
NOTE: The links in this document do not function. Please refer to your course to view/download
linked content.
https://atlas.strategiced.com/app#offering/8626134/course/8626153/preview/courseguide 2/21
Mike Moffatt. July 30, 2019. Calculating and Understanding Real Interest Rates.
https://www.thoughtco.com/calculating-real-interest-rates-1146229
James Chen. 2020. High-Frequency Trading (HFT). https://www.investopedia.com/terms/h/high-
frequency-trading.asp
Charles Evans. September 3, 2020. Covid-19 and the Future of the U.S. Economy.
https://www.chicagofed.org/publications/speeches/2020/covid-19-and-the-future-of-the-economy
Warwick J. McKibbin. June 25, 2020. Global Macroeconomic Scenarios of the COVID-19
Pandemic. https://www.brookings.edu/research/global-macroeconomic-scenarios-of-the-covid-19-
pandemic/
World Bank. June 8, 2020. The Global Economic Outlook During the COVID-19 Pandemic: A
Changed World. https://www.worldbank.org/en/news/feature/2020/06/08/the-global-economic-
outlook-during-the-covid-19-pandemic-a-changed-world
CompareRemit. April 9, 2020. 8 Key Factors That Affect Foreign Exchange Rates.
https://www.compareremit.com/money-transfer-guide/key-factors-affecting-currency-exchange-rates/
Sal Gilbertie. August 13, 2020. The Value of the Dollar and the Theory of Relativity in Currency
Markets. https://www.forbes.com/sites/salgilbertie/2020/08/13/the-value-of-the-dollar-and-the-theory-
of-relativity-in-currency-markets/#7488a37e6f75
Board of Governors of the Federal Reserve System. No date. Supervision Manuals.
https://www.federalreserve.gov/publications/supmanual.htm
Ryan Dattilo. 2017. How Not to Clean Up a Bank Failure. http://libdatab.strayer.edu/login?
url=https://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=125230919&site=eds-
live&scope=site
Stefanos Ioannou. December 12, 2019. Too-Big-To-Fail: Why Megabanks Have Not Become
Smaller Since the Global Financial Crisis?
https://www.tandfonline.com/doi/full/10.1080/09538259.2019.1674001
Investopedia Staff. 2020. Monetary Policy.
https://www.investopedia.com/terms/m/monetarypolicy.asp
Manoj Singh. May 11, 2020. Understanding the Federal Reserve Balance Sheet.
https://www.investopedia.com/articles/economics/10/understanding-the-fed-balance-sheet.asp
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Investopedia Staff. 2020. Quantitative Easing (QE).
https://www.investopedia.com/terms/q/quantitative-easing.asp
Laurent Belsie. October 2019. Evaluating Unconventional Monetary Policies After the Great
Recession. https://www.nber.org/digest/oct19/evaluating-unconventional-monetary-policies-after-
great-recession
Adam Hayes. March 26, 2020. Fiscal Policy vs. Monetary Policy: Pros & Cons.
https://www.investopedia.com/articles/investing/050615/fiscal-vs-monetary-policy-pros-cons.asp
Brian Twomey. October 18, 2020. The Taylor Rule: An Economic Model for Monetary Policy.
https://www.investopedia.com/articles/economics/10/taylor-
rule.asp#:~:text=The%20Taylor%20Rule%20suggests%20that,too%20slow%20and%20below%20p
otential
Investopedia. No date. Stability and Growth Pact (SGP).
https://www.investopedia.com/terms/s/stability-growth-pact.asp
Mercatus Center. No date. The Case for Nominal GDP Targeting [PDF].
https://www.mercatus.org/system/files/Sumner-NGDP-Targeting-sum-v1.pdf
Board of Governors of the Federal Reserve System. No date. Monetary Policy.
https://www.federalreserve.gov/monetarypolicy.htm
Board of Governors of the Federal Reserve System. No date. About the Fed.
https://www.federalreserve.gov/aboutthefed.htm
Board of Governors of the Federal Reserve System. No date. Economic Research.
https://www.federalreserve.gov/econres.htm
Board of Governors of the Federal Reserve System. No date. News & Events.
https://www.federalreserve.gov/newsevents.htm
Board of Governors of the Federal Reserve System. No date. Supervision & Regulation.
https://www.federalreserve.gov/supervisionreg.htm
Elena Afanasyeva. January 2018. Finance and Economics Discussion Series (FEDS): Bank Market
Power and the Risk Channel of Monetary Policy. https://www.federalreserve.gov/econres/feds/bank-
market-power-and-the-risk-channel-of-monetary-policy.htm
The Economist. 2017. American Banks Think They Are Over-Regulated.
https://www.economist.com/news/special-report/21721504-time-loosen-reins-say-americas-banks-
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Course Learning Outcomes
Weekly Course Schedule
Week 1 - To Do List
Learn: Read Chapters 1 and 2 from Money,
Banking
and
Financial
Markets.
Learn: Review this week's PowerPoints and learning resources.
Discuss: Introduce yourself and complete the discussion, Bitcoin-Supported Economy.
Week 2 - To Do List
Learn: Read Chapters 3 and 4 from Money,
Banking
and
Financial
Markets.
not-so-fast-say-regulators-american-banks?zid=294&ah=71830d634a0d9558fe97d778d723011d
The Economist. 2018. Central Banks Should Gamble on Productivity-Improving Technology.
https://www.economist.com/finance-and-economics/2018/02/08/central-banks-should-gamble-on-
productivity-improving-technology
Investopedia. No date. Stocks. https://www.investopedia.com/stocks-4427785
Evaluate the impact of the Federal Reserve on the state of the economy.
1
Review the key concepts and terminology related to the role of financial
institutions, the banking system, the Federal Reserve System, and the nature
and effectiveness of monetary policy tools.
2
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information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Week 2 - To Do List
Learn: Review this week's PowerPoints and learning resources.
Discuss: Complete the discussion, What If the SEC Didn't Exist?
Week 3 - To Do List
Learn: Read Chapters 5, 6, and 7 from Mon ey,
Banking
and
Financial
Markets.
Learn: Review this week's PowerPoints and learning resources.
Discuss: Complete the discussion, The Temptation of ARMs.
Assignment: Submit the homework activity, Banking Concepts 1.
Week 4 - To Do List
Learn: Read Chapter 8, 9, and 12 from Mo ney,
Banking
and
Financial
Markets.
Learn: Review this week's PowerPoint and learning resources.
Discuss: Complete the discussion, Booming Stock Markets and Healthy Economies.
Assignment: Submit the homework activity, Central Bank Design.
Week 5 - To Do List
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Week 5 - To Do List
Learn: Read Chapters 10 and 11 from Money,
Banking
and
Financial
Markets.
Learn: Review this week's PowerPoints and learning resources.
Discuss: Complete the discussion, Interest Rates and Credit Scores.
Quiz: Complete the midterm exam.
Week 6 - To Do List
Learn: Read Chapters 13 and 14 from Money,
Banking
and
Financial
Markets.
Learn: Review this week's PowerPoints and learning resources.
Discuss: Complete the discussion, The Repeal of the Glass-Steagall Act.
Week 7 - To Do List
Learn: Read Chapters 15 and 16 from Money,
Banking
and
Financial
Markets.
Learn: Review this week's PowerPoints and learning resources.
Discuss: Complete the discussion, The Relationship Between the Fed and the Federal
Government.
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Week 7 - To Do List
Assignment: Submit this week's homework activity, Banking Concepts 2.
Prepare: Read the instructions for the upcoming assignment, The Federal Reserve.
Week 8 - To Do List
Learn: Read Chapters 17, 18, and 19 from Money,
Banking
and
Financial
Markets.
Learn: Review this week's PowerPoints and learning resources.
Discuss: Complete the discussion, Creating and Destroying Money.
Assignment: Submit the assignment, The Federal Reserve.
Week 9 - To Do List
Learn: Read Chapters 20 and 21 from Money,
Banking
and
Financial
Markets.
Learn: Review this week's PowerPoints and learning resources.
Discuss: Complete the discussion, Inflation and Expanding Money Supplies.
Week 10 - To Do List
Learn: Read Chapters 22 and 23 from Money,
Banking
and
Financial
Markets.
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Week 10 - To Do List
Learn: Review this week's PowerPoints and learning resources.
Discuss: Complete the discussion, Stabilization via Monetary or Fiscal Policy.
Quiz: Complete the final exam.
Week 11 - To Do List
Discuss: Complete the discussion, Summing Up.
Grading Scale
Participation Total Points % of Grade
Discussion Participation 330 33%
Assignment Total Points % of Grade
Week 3 Assignment - Homework Activity - Banking Concepts 1 80 8%
Week 4 Assignment - Homework Activity - Central Bank Design 60 6%
Week 5 Quiz - Midterm 110 11%
Week 7 Assignment - Homework Activity - Banking Concepts 2 80 8%
Week 8 Assignment - The Federal Reserve 230 23%
Week 10 Quiz - Final Exam 110 11%
Totals 1000 100%
Final Course Grade
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Points Percentage GradePoints Percentage Grade
900 - 1000 90% - 100% A
800 - 899 80% - 89% B
700 - 799 70% - 79% C
600 - 699 60% - 69% D
0 - 599 59% and below F
Unique Course Features
Grading Scale Notation
Please consult the University Catalog and your academic advisor to determine the final grade needed
in this class to satisfy your specific degree conferral requirements.
Assignments
Week 3 Assignment - Homework Activity - Banking Concepts 1
Summary
Click the linked activity title to access this assignment.
Text
This homework activity checks your understanding of the core principles in money and banking, the
role of money, the valuation of financial instruments, and the effect of inflation on interest rates. Briefly
answer (in a list or short paragraph) the following questions:
Identify the core principles that could be used to explain why credit card issuers charge such
high rates of interest. Refer to Chapter 1, section “The Five Core Principles of Money and
Banking,” pages 4–8.
Explain why the following statement is true: "Money is an asset, but not all assets are money."
Refer to Chapter 2, section “Money and How We Use It,” pages 23–25.
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Identify the four fundamental characteristics that determine the value of a financial
instrument. Refer to Chapter 3, section “Primer for Valuing Financial Instruments,” pages 50–
51.
If a borrower and a lender agree on a long-term loan at a nominal interest rate that is fixed over
the duration of the loan, explain how a higher-than-expected rate of inflation will impact the
parties, if at all. Refer to Chapter 6, section “Inflation Risk,” pages 151–152.
Scoring Guide
Identify the core principles that could be used
to explain why credit card issuers charge
such high rates of interest. 25 %
Unacceptable
Did not submit or
did not identify
the core
principles that
could be used to
explain why
credit card
issuers charge
such high rates
of interest.
Needs
Improvement
Insufficiently
identified the
core principles
that could be
used to explain
why credit card
issuers charge
such high rates
of interest.
Satisfactory
Satisfactorily
identified the
core principles
that could be
used to explain
why credit card
issuers charge
such high rates
of interest.
Competent
Competently
identified the
core principles
that could be
used to explain
why credit card
issuers charge
such high rates
of interest.
Exemplary
Thoroughly
identified the
core principles
that could be
used to explain
why credit card
issuers charge
such high rates
of interest.
Explain why the statement is true: "Money is
an asset, but not all assets are money." 25 %
Unacceptable
Did not submit or
did not explain
why the
statement is true:
"Money is an
asset, but not all
assets are
money."
Needs
Improvement
Insufficiently
explained why
the statement is
true: "Money is
an asset, but not
all assets are
money."
Satisfactory
Satisfactorily
explained why
the statement is
true: "Money is
an asset, but not
all assets are
money."
Competent
Competently
explained why
the statement is
true: "Money is
an asset, but not
all assets are
money."
Exemplary
Thoroughly
explained why
the statement is
true: "Money is
an asset, but not
all assets are
money."
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Identify the four fundamental characteristics
that determine the value of a financial
instrument. 25 %
Unacceptable
Did not submit or
did not identify
the four
fundamental
characteristics
that determine
the value of a
financial
instrument.
Needs
Improvement
Insufficiently
identified the four
fundamental
characteristics
that determine
the value of a
financial
instrument.
Satisfactory
Satisfactorily
identified the four
fundamental
characteristics
that determine
the value of a
financial
instrument.
Competent
Competently
identified the four
fundamental
characteristics
that determine
the value of a
financial
instrument.
Exemplary
Thoroughly
identified the four
fundamental
characteristics
that determine
the value of a
financial
instrument.
Explain how if a borrower and a lender agree
on a long-term loan at a nominal interest rate
that is fixed over the duration of the loan, a
higher-than-expected rate of inflation will
impact the parties, if at all. 25 %
Unacceptable
Did not submit or
did not explain
how if a borrower
and a lender
agree on a long-
term loan at a
nominal interest
rate that is fixed
over the duration
of the loan, a
higher-than-
expected rate of
inflation will
impact the
parties, if at all.
Needs
Improvement
Insufficiently
explained how if
a borrower and a
lender agree on
a long-term loan
at a nominal
interest rate that
is fixed over the
duration of the
loan, a higher-
than-expected
rate of inflation
will impact the
parties, if at all.
Satisfactory
Satisfactorily
explained how if
a borrower and a
lender agree on
a long-term loan
at a nominal
interest rate that
is fixed over the
duration of the
loan, a higher-
than-expected
rate of inflation
will impact the
parties, if at all.
Competent
Competently
explained how if
a borrower and a
lender agree on
a long-term loan
at a nominal
interest rate that
is fixed over the
duration of the
loan, a higher-
than-expected
rate of inflation
will impact the
parties, if at all.
Exemplary
Thoroughly
explained how if
a borrower and a
lender agree on
a long-term loan
at a nominal
interest rate that
is fixed over the
duration of the
loan, a higher-
than-expected
rate of inflation
will impact the
parties, if at all.
Week 4 Assignment - Homework Activity - Central Bank Design
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
https://atlas.strategiced.com/app#offering/8626134/course/8626153/preview/courseguide 12/21
Summary
Click the linked activity title to access this assignment.
Text
Imagine you are advising the leadership of a new, independent country for the design of their central
bank. In 1–2 pages, do the following:
1. Describe one benefit and one drawback for each type of central bank design listed below:
Design 1 - Central bank policy decisions that are irreversible or central bank policy
decisions that can be overturned by the democratically elected government.
Design 2 - The central bank has to submit a proposal for funding to the government
each year or the central bank finances itself from the earnings on its assets and turns
the balance over to the government.
Design 3 - The central bank policymakers are appointed for periods of four years to
coincide with the electoral cycle for the government or the central bank policymakers
are appointed for 14-year terms.
2. In 1–2 paragraphs, identify the design you would recommend for this country and why.
3. Be sure to describe any necessary characteristics and assumptions about this country to support
your recommendation.
Scoring Guide
Describe one benefit and one drawback for
Central Bank Design 1. 20 %
Unacceptable
Did not submit or
did not describe
one benefit and
one drawback
for Central Bank
Design 1.
Needs
Improvement
Insufficiently
described one
benefit and one
drawback for
Central Bank
Design 1.
Satisfactory
Satisfactorily
described one
benefit and one
drawback for
Central Bank
Design 1.
Competent
Competently
described one
benefit and one
drawback for
Central Bank
Design 1.
Exemplary
Thoroughly
described one
benefit and one
drawback for
Central Bank
Design 1.
Describe one benefit and one drawback for
Central Bank Design 2. 20 %
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Unacceptable
Did not submit or
did not describe
one benefit and
one drawback
for each type of
Central Bank
Design #2.
Needs
Improvement
Insufficiently
described one
benefit and one
drawback for
each type of
Central Bank
Design #2.
Satisfactory
Satisfactorily
described one
benefit and one
drawback for
each type of
Central Bank
Design #2.
Competent
Competently
described one
benefit and one
drawback for
each type of
Central Bank
Design #2.
Exemplary
Thoroughly
described one
benefit and one
drawback for
each type of
Central Bank
Design #2.
Describe one benefit and one drawback for
Central Bank Design 3. 20 %
Unacceptable
Did not submit or
did not describe
one benefit and
one drawback
for Central Bank
Design 3.
Needs
Improvement
Insufficiently
described one
benefit and one
drawback for
Central Bank
Design 3.
Satisfactory
Satisfactorily
described one
benefit and one
drawback for
Central Bank
Design 3.
Competent
Competently
described one
benefit and one
drawback for
Central Bank
Design 3.
Exemplary
Thoroughly
described one
benefit and one
drawback for
Central Bank
Design 3.
Identify the central bank design you would
recommend for this country and why. 30 %
Unacceptable
Did not submit or
did not identify
the central bank
design you would
recommend for
this country and
why.
Needs
Improvement
Insufficiently
identified the
central bank
design you would
recommend for
this country and
why.
Satisfactory
Satisfactorily
identified the
central bank
design you would
recommend for
this country and
why.
Competent
Competently
identified the
central bank
design you would
recommend for
this country and
why.
Exemplary
Thoroughly
identified the
central bank
design you would
recommend for
this country and
why.
Describe any necessary characteristics or
assumptions about this country to support
your recommendation. 10 %
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Unacceptable
Did not submit or
did not describe
any necessary
characteristics or
assumptions
about this
country to
support your
recommendation
.
Needs
Improvement
Insufficiently
described any
necessary
characteristics or
assumptions
about this
country to
support your
recommendation
.
Satisfactory
Satisfactorily
described any
necessary
characteristics or
assumptions
about this
country to
support your
recommendation
.
Competent
Competently
described any
necessary
characteristics or
assumptions
about this
country to
support your
recommendation
.
Exemplary
Thoroughly
described any
necessary
characteristics or
assumptions
about this
country to
support your
recommendation
.
Week 7 Assignment - Homework Activity - Banking Concepts 2
Summary
Click the linked activity title to access this assignment.
Text
This homework activity checks your understanding of why large financial firms or universal banks
were created, the motivation behind the 1988 Basel Accord, the criteria for a successful central
bank, and the limits of the Federal Reserve in preventing a stock market crash. Briefly answer (in a
list or short paragraph) the following questions:
Owners and managers have cited three reasons for the creation of large financial firms or
universal banks. What are these reasons? Refer to Chapter 13, section “The Future of Banks,”
pages 336–337.
What was the primary motivation behind the creation of the 1988 Basel Accord?
Today, there is a clear consensus about the best way to design a central bank. What are the
criteria for a successful central bank?
Respond to the following statement with a brief explanation: "The Federal Reserve can
improve the performance of the stock market, but it cannot prevent a stock market crash."
Scoring Guide
Identify the three reasons owners and
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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managers have cited for the creation of large
financial firms or universal banks. 25 %
Unacceptable
Did not submit or
did not identify
the three
reasons owners
and managers
have cited for the
creation of large
financial firms or
universal banks.
Needs
Improvement
Insufficiently
identified the
three reasons
owners and
managers have
cited for the
creation of large
financial firms or
universal banks.
Satisfactory
Satisfactorily
identified the
three reasons
owners and
managers have
cited for the
creation of large
financial firms or
universal banks.
Competent
Competently
identified the
three reasons
owners and
managers have
cited for the
creation of large
financial firms or
universal banks.
Exemplary
Thoroughly
identified the
three reasons
owners and
managers have
cited for the
creation of large
financial firms or
universal banks.
Identify the primary motivation behind the
creation of the 1988 Basel Accord. 25 %
Unacceptable
Did not submit or
did not identify
the primary
motivation
behind the
creation of the
1988 Basel
Accord.
Needs
Improvement
Insufficiently
identified the
primary
motivation
behind the
creation of the
1988 Basel
Accord.
Satisfactory
Satisfactorily
identified the
primary
motivation
behind the
creation of the
1988 Basel
Accord.
Competent
Competently
identified the
primary
motivation
behind the
creation of the
1988 Basel
Accord.
Exemplary
Thoroughly
identified the
primary
motivation
behind the
creation of the
1988 Basel
Accord.
List the criteria for a successful central bank.
25 %
Unacceptable
Did not submit or
did not list the
criteria for a
successful
central bank.
Needs
Improvement
Insufficiently
listed the criteria
for a successful
central bank.
Satisfactory
Satisfactorily
listed the criteria
for a successful
central bank.
Competent
Competently
listed the criteria
for a successful
central bank.
Exemplary
Thoroughly listed
the criteria for a
successful
central bank.
Explain the statement, "The Federal Reserve
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information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
https://atlas.strategiced.com/app#offering/8626134/course/8626153/preview/courseguide 16/21
can improve the performance of the stock
market, but it cannot prevent a stock market
crash." 25 %
Unacceptable
Did not submit or
did not briefly
explain the
statement, "The
Federal Reserve
can improve the
performance of
the stock market,
but it cannot
prevent a stock
market crash."
Needs
Improvement
Insufficiently
explained the
statement, "The
Federal Reserve
can improve the
performance of
the stock market,
but it cannot
prevent a stock
market crash."
Satisfactory
Satisfactorily
explained the
statement, "The
Federal Reserve
can improve the
performance of
the stock market,
but it cannot
prevent a stock
market crash."
Competent
Competently
explained the
statement, "The
Federal Reserve
can improve the
performance of
the stock market,
but it cannot
prevent a stock
market crash."
Exemplary
Thoroughly
explained the
statement, "The
Federal Reserve
can improve the
performance of
the stock market,
but it cannot
prevent a stock
market crash."
Week 8 Assignment - The Federal Reserve
Summary
Click the linked activity title to access this assignment.
Text
Overview
The Federal Reserve offers to the general public numerous publications available on the
Publications page of the Federal Reserve Board website.
The Federal Reserve Board testimonies, press releases, monetary policy reports, the Beige Book,
and a variety of other publications offer a detailed assessment of current economic activity, financial
markets, and the monetary policy tools used to promote economic activity and preserve price
stability.
Preparation
Go to Publications on the Federal Reserve Board website. Under the Monetary Policy menu, explore
the monetary policy tools. Notice that the first four in the list are considered conventional tools. The
remaining tools in the list are non-conventional.
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information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
https://atlas.strategiced.com/app#offering/8626134/course/8626153/preview/courseguide 17/21
Instructions
Write an 8–10 page paper in which you evaluate the role and effectiveness of the Federal Reserve
in stabilizing the economy since the 2007–2009 recession and its continued impact on the current
state of the economy. In your paper:
1. Describe the ways in which the Federal Reserve adjusted money policy tools in response to the
financial crisis of 2007–2009; assess the success or effectiveness of those adjustments.
2. Assess to what extent the financial crisis of 2007–2009 compromised the independence of the
Federal Reserve.
3. Analyze the strengths