What is the money supply?

Learning Goal: I’m working on a macro economics multi-part question and need support to help me learn.

Please answer the questions below. You may use reputable resources. Please cite your work with links below your answers.

What is the money supply?
What is fractional reserve banking?
What is the Federal Reserve?
What is monetary policy?
What is expansionary and contractionary monetary policy?
What are the goals of the federal reserve? (Hint: As you research you may find 2-4 goals but there are 3 that you should find)
What is the role of the Federal Open Market Committee (FOMC)?
What are the 3 major tools that the federal reserve uses to influence the money supply through monetary policy AND briefly, how does each tool work? (Note: you may find 4 tools as you research, “interest on reserves”. Although this is an important tool the other 3 are the major tools used by the fed to influence the money supply. Do not use this one.)
Before you answered the questions above, how much knowledge did you have about
the federal reserve? Rate yourself on a scale of 1 to 10 (1 is NO knowledge and 10 is the greatest amount of knowledge).

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