3-4: Meeting - Prove You Got It!
Directions: Use the supporting quotes, your own knowledge, and the vocabulary above to respond to
the compelling question
.
The
more evidence you build into your response can help achieve
an
Exceeding grade.
20. Analyze the role of reserve requirements in stabilizing the banking system, and how changes in
these requirements impact lending practices and interest rates.
"The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum
employment." Jerome Powell Chairman of the Board of Governors for the Fed
"Stronger productivity growth would tend to raise the average level of interest rates and, therefore,
would provide the Federal Reserve with greater scope to ease monetary policy in the event of a
recession." Janet Yellen US Secretary of the Treasury