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Explore the value of money, the structure of the Federal Reserve, banking functions and services, and the role of government securities. Learn about the origin of paper money, the main body of the Fed, the function of monetary policy, and more.
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C1 Money
C2 Fed Structure
C3 Banking
C4 Functions and Services
C5 Government Securities
C6 Potpourri
Money Fed Structure Banking Functions & Services Government Securities Potpourri $100 $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500 $500
What Gives Something Value? 1-100 1 - 100 $100
1-100A People agree it has value 1 - 100 $100
1-200 A characteristic of money: we use it for goods and services. $200
1-200A Medium of Exchange 1 - 100 $200
1-300 A material that has been used as money because it has worldwide value $300
1-300A Gold 1 - 100 $300
1-400 The official term for our paper money $400
1-400A Federal Reserve Note 1 - 100 $400
1-500 The origin of paper money $500
1-500A Receipts for Gold 1 - 100 $500
2-100 The main body of the Fed 1 - 100 $100
2-100A Board of Governors 1 - 100 $100
2-200 The Current Chairman of the Fed $200
2-200A Jerome Powell 1 - 100 $200
2-300 This body decides to buy and sell government securities $300
2-300A FOMC 1 - 100 $300
2-400 The number of Regional Banks $400
2-400A 12 1 - 100 $400
2-500 The approximate number of member banks $500
2-500A 3000 1 - 100 $500
3-100 From whom do banks get the money it lends? 1 - 100 $100
3-100A depositors 1 - 100 $100
3-200 A “reward” for saving money in a bank $200
3-200A interest 1 - 100 $200
3-300 When all of the depositors want to withdraw there savings at once $300
3-300A Bank Run 1 - 100 $300
3-400 The major source of income for a bank $400
3-400A Interest 1 - 100 $400
3-500 A loan for a home $500
3-500A Mortgage 1 - 100 $500
4-100 The main function of the Fed 1 - 100 $100
4-100A Monetary Policy 1 - 100 $100
4-200 When the Fed routes checks for payment $200
4-200A Clearing 1 - 100 $200
4-300 The Fed redeems these for investors $300
4-300A Securities- Bonds 1 - 100 $300
4-400 The Interest the Fed Charges $400
4-400A Discount Rate 1 - 100 $400
4-500 The money that banks must set aside and not lend $500
4-500A Reserve Requirement 1 - 100 $500
5-100 Like an IOU 1 - 100 $100