The Structure of the Fed - Two parts: the board of Governors and the 12 regional federal reserve banks - One of the jobs of the federal reserve banks is to audit the books of private sectors to ensure good standing and a healthy bank Decisions about monetary policy are made by the Federal Open Market Committee The Effectiveness of the Federal Reserve System - The Reconstruction Finance Corporation was established and given authority to make loans to banks in order to stabilize the banking sector in 1932... - A commercial bank accepts deposits and is covered by deposit insurance... - ...

• Word Count: 858
• Approx Pages: 3
• Grade Level: High School

Credit cards) • Housing loans • Business loans • Short term money market • Bond markets • Share markets • Financial futures • The foreign exchange or FOREX market • Life policies • Superannuation deposits The locations of the market • Finance companies - obtain most of the funds by borrowing from the general public • Merchant banks • Credit unions • Permanent building societies • Mortgage originators • Life insurance companies • Sup...

• Word Count: 1435
• Approx Pages: 6
• Has Bibliography
• Grade Level: High School