What you’ll learn to do: explain the structure, functions, and responsibilities of the Federal Reserve System
In a modern, market economy, the availability of credit is critical to the functioning of the economy. Too little credit can hamstring an economy, while too much can cause inflation. The Federal Reserve (or Fed) plays a key role in the macro economy by regulating the supply of credit. In addition, it promotes stability in the financial system, and provides banking services to government and to commercial banks.
- Introduction to the Federal Reserve. Authored by: Steven Greenlaw and Lumen Learning. License: CC BY: Attribution
- Twelve Reserve Banks buildings from 1936. Authored by: Federalreserve. Provided by: Wikimedia. Located at: https://commons.wikimedia.org/wiki/File:US_Federal_Reserve_Banks_collage_1936.jpg. License: Public Domain: No Known Copyright