2. 5 points. Watch the following Video: The FED explains Monetary Policy (link also on iLearn) and then answer the questions below: a. What is the goal of monetary policy? b. When was the Federal Reserve created? с.Why was the Federal Reserve created? d. What does it mean for the FED to act as "the lender of last resorť" & why is that important? e. What is the Dual Mandate? f. What are the tools the FED uses to conduct monetary policy? g. What were the new tools that the FED utilized (and developed) following the Financial Crisis of 2008 h. Overall, how does altering interest rates effect the economy? Discuss briefly.