Think of a team you have been a part of, for example, in sports or for a class project. Write a paragraph on how you went about performing the tasks. Did everyone have his or her own tasks to do? How did everyone interact? Did you face any problems while working together? Why do you think that was? Do you think that your group functioned well overall?

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.