Quantitative easing: What does the Fed's latest move mean for you?

a big 100 dollar bill
a big 100 dollar bill

In business and economic circles, quantitative easing is all the buzz these days. And the Federal Reserve just announced we'd get another round.

But does anyone really understand what it's all about?

Here are your top 10 questions answered:

What exactly is quantitative easing?

Technically speaking, it's when the Fed goes into the markets and buys financial assets like Treasury securities. In layman's terms, it's when the Fed prints more money and floods the economy with it to reduce long-term interest rates and encourage growth. The goal: to get consumers -- the backbone of the economy -- spending again.