Kindly answer the questions

Please post your initial post - answering the question - by Thursday this week. The forum closes Sunday at 11 PM. There is no requirement to make comments to other posts, but you certainly are welcome to. 1. How (the primary way) money is created in the economy. In your explanation you must correctly apply the following terms: actual reserves, required reserves, and excess reserves. 2. Why is the banking system in the United States referred to as a fractional reserve bank system? 3. What is the role of deposit insurance in a fractional reserve system?Please post your initial post - answering the question - by Thursday this week. The forum closes Sunday at 11 PM. There is no requirement to make comments to other posts, but you certainly are welcome to. The most important function of the Fed is the management of monetary policy and control of the money supply. However the Fed has other important functions: 1. The Fed issues "Federal Reserve Notes," the paper currency used in the U.S. monetary system. 2. The Fed provides a check collection service for banks (checks are also cleared locally or by private clearing firms). 3. Federal Reserve System acts as the fiscal agent for the Federal government. 4. The Federal Reserve System supervises member banks. Choose one of the four functions above and describe that function in more detail. Additionally find a recent news article that describes the Fed fulfilling the function you have chosen and provide a short summary of that article along with a link to the article. A good source for articles is the Federal Reserve homepage at: http://www.federalreserve.gov/