money and interest rates are important to individuals and businesses making decisions to finance purchases. the following articles assess conditions for finance purchases and important aspects of monetary policy. read both and respond to the questions in a 2 to 4 page report. 1. tom woodruff has written an interesting and to-the-point article, “a borrower''s guide to forecasting interest rates,” about effects of the federal reserve’s monetary policy and changes in interest rates. 2. Economic Focus | What goes around, The Economist, June 9, 2007. 1. What major economic indicators would you examine if you were planning to make a large purchase and needed a loan? For example, think about buying a new car, some business equipment, or a house? 2. Describe how the Federal Reserve’s policy-makers influence interest rates. Explain the difference between expansionary and contractionary policies. 3. Do you think prospects for changes in Federal Reserve policy would affect your decision to make a purchase that requires financing? Explain.