7. Financial Services . English, science, history, and more. Inflation O C. High Interest Rates. State-chartered banks may join if they meet certain requirements. Distribute Handout 2: The Interest Rate Lever. Q: California is a large producer of strawberries. The Fed has several important jobs. The federal government also has implied powers because of the Elastic Clause (Article 1, Section 8, Clause 18), but they are not spelled out like enumerated powers. Maintain Stability of the Financial System . Use this printable worksheet and quiz to review: This worksheet and quiz will let you practice the following skills: To learn more about who keeps stirring our money pot, review the corresponding lesson on Monetary Policy and the Federal Reserve System. National banks are required by law to be members. Federal Reserve Bank of Richmond. The Federal Reserve Board and the other federal banking agencies developed the attached document to respond to public inquiries from banking organizations regarding the use of their capital and liquidity buffers, and the application of the Board's total loss-absorbing capacity rule. How A Bill Becomes A Law Worksheet Worksheets Social Studies Middle School Teaching Government . These assessment tools aim to test your understanding of topics like the government's and the Federal Reserve's roles in protecting the U.S. economy. 128 lessons _____ 5. The Federal Reserve System was established on December 23 1913 when US President Woodrow Wilson signed the Federal Reserve Act. There are _____ 12 _____ districts in the Federal Reserve, each of which is served by a regional Reserve bank. Sources of confusion and problems with American banking between 1836 and 1907: States chartered some banks, while the federal government chartered and regulated others. Conduct foreign affairs. Increase the Discount rate . The interest rate that banks charge their best customers. 3. Discuss the following about the Federal Reserve. It is the principal monetary authority of the United States, responsible for issuing currency and managing the supply of money and credit in the economy. Open Assembly. The Federal Reserve is the central banking system of the United States. © copyright 2003-2020 Study.com. Supervise and Regulate Banking Institutions . Services, How the Government Protects the U.S. Economy, Quiz & Worksheet - Monetary Policy & The Federal Reserve System, Monetary Policy & The Federal Reserve System, {{courseNav.course.mDynamicIntFields.lessonCount}}, Regulatory Policy: Definition, Processes & Examples, The Business Cycle: Economic Performance Over Time, How the Government Promotes Economic Interests, Introduction to the Study of American Government, The Federal Bureaucracy in the United States, American Political Culture, Opinion, and Behavior, Political Parties in the United States Government, The Presidency: Election, Powers, and Practice, The Congress: Election, Powers, and Representation, Working Scholars® Bringing Tuition-Free College to the Community, The rate at which banks borrow money from the Federal Reserve's central bank, Explain who has total control over our money supply, Identify the ways the Fed uses its monetary policy to affect our economy, Describe why the discount rate might be changed, Appreciate the reasons banks give you an interest rate on your money. A. D. Bank Panics The Functions of the Federal Reserve System . Conduct Monetary Policy . Ben Bernanke is the chairman of the Federal Reserve. Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102 Changes in the growth rate The Federal Reserve Board of Governors in Washington DC. You will receive your score and answers at the end. In this economics worksheet, students learn how the Federal Reserve limits the growth of the money supply. to the Federal Reserve System, also known as “The Fed.” Ask the students if they know what the Fed is. Board of Governors of the Federal Reserve System. flashcard set{{course.flashcardSetCoun > 1 ? 2. Any bank or other incorporated banking institution engaged in similar business may become a member of the Federal Reserve System. Open Assembly. Answer: Collects information about each district and reports to the board of governors. Home > In Plain English. Fed Listens. 10. 1. 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