ASSIGNMENT 07 C01 Introduction to Business Directions: Be sure to save an electr

ASSIGNMENT 07C01 Introduction to BusinessDirections: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the “Assignment Format” page located on the Course Home page for specific format requirements.Part A: Explain how the Federal Reserve Board, or the Fed, might assist the United States in the event of a recession or depression with examples. You can use the recent 2007 recession as supporting information. Discuss the tools that the Fed uses to adjust money growth. Be sure to integrate the responsibilities or functions of the Fed into your response.Part B: Perform research on financial service institutions in your geographic area. Describe in detail the financial services that each provides, comparing interest rates, fees, and investment options. Which financial service institution do you think is best and why?Grading RubricPlease refer to the rubric on the following page for the grading criteria for this assignment.CATEGORY Exemplary Satisfactory Unsatisfactory Unacceptable Criterion ScorePart A: The Federal Reserve Assistance (15 points) 15 pointsStudent provides a clear, logical discussion of how the Fed might help manage money during a recession or depression. 12 pointsStudent provides a mostly clear, logical discussion of how the Fed might help manage money during a recession or depression. 8 pointsStudent provides a weak or unclear discussion of how the Fed might help manage money during a recession or depression. 5 pointsStudent provides a poor discussion of how the Fed might help manage money during a recession or depression. / 15Part A: Responsibilities/Functions of the Fed (15 points) 15 pointsStudent provides a clear, logical description of the four major responsibilities of the Fed. 12 pointsStudent provides a mostly clear, logical description of the 4 major responsibilities of the Fed. 8 pointsStudent provides a weak or unclear description of the 4 major responsibilities of the Fed. 5 pointsStudent provides a poor description of the 4 major responsibilities of the Fed. / 15Part A: The Fed’s Money Growth Tools (15 points) 15 pointsStudent provides a clear, logical description of the four tools to adjust money growth. 12 pointsStudent provides a mostly clear, logical description of the four tools to adjust money growth. 8 pointsStudent provides a weak or unclear description of the four tools to adjust money growth. 5 pointsStudent provides a poor description of the four tools to adjust money growth. / 15Part B: Financial Institution Comparison(20 points) 20 pointsStudent provides a clear, logical description of at least three financial service institutions with information about interest rates, fees, and investment options. 15 pointsStudent provides a mostly clear, logical description of at least 2-3 financial service institutions with information about interest rates, fees, and investment options. 10 pointsStudent provides a weak or unclear description of 2-3 financial service institutions with limited information about interest rates, fees, and investment options. 5 pointsStudent provides a poor description of 1-2 financial service institutions with little information about interest rates, fees, and investment options. / 20Part B: Opinion(15 points) 15 pointsStudent provides a clear, rational opinion of which financial institution is personally preferred with strong supporting facts. 12 pointsStudent provides a mostly clear, adequate opinion of which financial institution is personally preferred with supporting facts. 8 pointsStudent provides a weak or unclear opinion of which financial institution is personally preferred with little supporting facts. 5 pointsStudent provides a poor opinion of which financial institution is personally preferred with little to no supporting facts. / 15Mechanics (10 Points) 10 pointsStudent makes no errors in grammar or spelling that distract the reader from the content. 8 pointsStudent makes 1-2 errors in grammar or spelling that distract the reader from the content. 5 pointsStudent makes 3-4 errors in grammar or spelling that distract the reader from the content. 2 pointsStudent makes more than 4 errors in grammar or spelling that distract the reader from the content. / 10Format (10 Points) 10 pointsThe paper is written in proper format. All sources used for quotes and facts are credible and cited correctly. 8 pointsThe paper is written in proper format with only 1-2 errors. All sources used for quotes and facts are credible and most are cited correctly. 5 pointsThe paper is written in proper format with only 3-5 errors. Most sources used for quotes and facts are credible and cited correctly. 2 pointsThe paper is not written in proper format. Many sources used for quotes and facts are less than credible (suspect) and/or are not cited correctly. / 10Total / 100Overall ScoreExemplary100 points minimumSatisfactory79 points minimum Unsatisfactory52 points minimum Unacceptable0 points minimum