Other than its main role of controlling the supply of money, the functions of the federal reserve include

The Federal supervises and regulates a lot of the nation’s banks to secure consumers.  It preserve the stability of the financial markets and constrains possible crises and it provides banking services to other banks, the U.S. government and foreign banks.  The Fed moderates long-term interest rates through open market operations and the fed funds rate. The goal of monetary policy is healthy economic growth. That target is a 2-3 percent gross domestic product growth. 

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1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know