Social Studies - 2019-20

CE.13d - Federal Reserve System

The student will apply social science skills to understand the role of government in the United States economy by

d) explaining the structure and main function of the Federal Reserve System and how it acts as the nation’s central bank;


Adopted: 2015

BIG IDEAS

UNDERSTANDING THE STANDARD

The Federal Reserve System is our nation’s central bank.

ESSENTIALS

As the central bank of the United States, the Federal Reserve System

 regulates banks to help ensure the soundness of the banking system and the safety of deposits

 influences the money supply and interest rates in the economy to keep inflation low and stable

 provides financial services to banks and the federal government.


The Federal Reserve System consists of a Board of Governors and 12 federal reserve banks.


The chairperson is appointed by the president and approved by the Senate.


KEY VOCABULARY

Updated: May 16, 2018