1. Do a google search on Quantitative Easing (QE) and Open Market Operations (OMO) (in your response, provide the reference for your source(s)).
Explain how each of these Federal Reserve tools work.
Under what circumstances does the Fed use OMO?
When and why has the Fed used QE? Are there concerns related to it?
2. Do a google search on the Fed’s Balance Sheet (indicate your reference source). Identify the primary assets and liabilities on the Fed’s current balance sheet and their significance for financial analysts.
3. Identify and briefly explain the important characteristics and features of:
commercial bank trust departments
investment banks
