The Federal Reserve Bank of the United States plays a major and key role in our banking system

The Federal Reserve Bank of the United States plays a major and key role in our banking system

The Federal Reserve Bank of the United States plays a major and key role in our banking system, the economy, our standard of living, foreign trade, employment, the value of the US dollar and even the trading of corporate stock.

But what do we really know about the Federal Reserve (FED)?

Let’s find out something about the Fed. Use the links furnished below to find answers to the following questions. Other sources should be used to provide additional information and earn maximum credit. Please use APA format.

1. Who owns the Federal Reserve?

http://www.federalreserve.gov/faqs/about_14986.htm (Links to an external site.)Links to an external site.

http://www.federalreserve.gov/faqs/about_12799.htm (Links to an external site.)Links to an external site.

2. What is the role of the Federal Reserve and the government as it relates to our modified capitalist economy? (Source: textbook)

3. How much money is in the US and is it backed by gold?

http://www.federalreserve.gov/paymentsystems/coin_data.htm (Links to an external site.)Links to an external site.

http://www.federalreserve.gov/faqs/currency_12770.htm (Links to an external site.)Links to an external site.

4. What is legal tender?

http://www.federalreserve.gov/faqs/currency-coin.htm (Links to an external site.)Links to an external site.

5. Why do prices change (what causes inflation) and why does the Fed aim for a 2% inflation rate?

http://www.federalreserve.gov/faqs/economy-jobs-prices.htm (Links to an external site.)Links to an external site.

APA format

Answer preview The Federal Reserve Bank of the United States plays a major and key role in our banking system

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