Explain how the Federal Reserve Board, or the Fed, might assist the United States in the event of a recession or depression with examples.

Directions:

Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar.

Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the “Assignment Format” page located on the Course Home page for specific format requirements.

Part A:

Explain how the Federal Reserve Board, or the Fed, might assist the United States in the event of a recession or depression with examples. You can use the recent 2007 recession as supporting information. Discuss the tools that the Fed uses to adjust money growth. Be sure to integrate the responsibilities or functions of the Fed into your response.

Part B:

Perform research on financial service institutions in your geographic area. Describe in detail the financial services that each provides, comparing interest rates, fees, and investment options. Which financial service institution do you think is best and why?

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