Problem
1. (Federal Funds Market) What is the federal funds market? How does it help banks strike a balance between liquidity and profitability?
2. (The Fed Is a Money Machine) Why is the Fed both literally and figuratively a money machine?
3. (Case Study: Banking on the Net) What impact is increased Internet banking likely to have on money's function as a medium of exchange?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.