In this chapter you read about money and the financial institutions that people use to manage their money. One of those institutions is the Federal Reserve System. The Fed was created in 1913 after a series of financial panics and bank failures. Today it oversees the amount of money in the economy, regulates the banking industry, and conducts monetary policy. In this activity you will take a closer look at this important organization.
Destination Title: Fed 101
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Start at the Federal Reserve Bank of Kansas City’s education page.
- Click on History. Explore the information on the time line.
- Click on Structure at the top of the screen. Then click on Interview with a Fed president and read the interview with the Fed president from your district.
- Click on Monetary Policy at the top of the screen. Click on and explore the link Basics of Monetary Policy.
When you have finished browsing the site answer the following questions.