IA1. Access the Federal Reserve Board of Governors Web site at http://www.federalreserve.gov/releases/ to complete the following tasks:
1) Find the current interest rates for Bank Prime Loans and Federal Funds for September 2021 and compare the latest rates with the historical rates for September 2020, to see how much they have changed.
Links to use from the above Web site: Interest Rates https://www.federalreserve.gov/releases/h15/;
Historical Reports that can be created https://www.federalreserve.gov/datadownload/Choose.aspx?rel=H15 (Choose the radial button for Weekly Averages Fed Funds, Prime and Discount Rate > download > view chart
Show your findings in a Word document.
2) Click on the following link to access the Federal Reserve “Beige” Book found under the Monetary Policy tab on the above Website => https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm
Open up the September 8 pdf file and look for the Dallas District to see what the economic conditions were in our area between July and August 2021 (p K-1 & K-2). Provide a summary of your findings.
3) Based on your findings above in #1 and #2, how does this information support what you learned in Chapter 7? How will this change in our economy affect your team’s new business venture? Explain.
If there is more than one activity, your answers for each activity should be typed into the same Word document using complete sentences. Submit your completed Word document to this assignment drop box by the due date listed in the course schedule.
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