Intro to Econ Week 9
Intro to Econ Week 9 Econ 201
Popular in Into Economics: Survey Course
Popular in Department
This 1 page Class Notes was uploaded by Katie Truppo on Saturday August 20, 2016. The Class Notes belongs to Econ 201 at University of Tennessee - Knoxville taught by Kenneth Baker in Fall 2015. Since its upload, it has received 3 views.
Reviews for Intro to Econ Week 9
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 08/20/16
The Federal Reserve Federal Reserve: the central bank(s) of the U.S. Provide stability to the ﬁnancial system Monitor overall health of the economy 12 banks and 25 branch banks Designed to disperse power away from ﬁnancial centers (NYC) “independent within the government" FOMC 12 member voting committee Oversee monetary policy of the Fed Functions of the Fed Monitor stability of entire banking/ﬁnancial system Supervise/regulate banks Functions for commercial banks Check clearing "Lender of the last resort" Can lend money to U.S. banks in distress Maintain foreign currency/securities and gold Bank for the U.S. Government
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'