Define and distinguish between the terms Allowance for Loan & Leases (ALL) and Provision for Loan & Lease Losses (PLL). Illustrate the relationship between ALL and PLL using a simple equation.
1. Do a google search on Quantitative Easing (QE) and Open Market Operations (OMO) (in your response, provide the reference for your source(s)). Explain how each of these Federal Reserve tools work. Under what circumstances does the Fed use OMO? When and why has the Fed used QE? Are there concerns related to it? 2. […]