• How is the equilibrium interest rate determined in the market for money?
• What are the goals and tools of monetary policy?

Could you touch on this subject as well: However, considering, for instance the open market operation, you have not show under what conditions the Fed buys/sells securities. In addition, a new tool had been introduced in recent years. It is called the Term Auction Facility. Would you elaborate on it.

A minimum 600 word response for these two questions.