{"id":6659,"date":"2016-08-30T15:41:26","date_gmt":"2016-08-30T15:41:26","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/masterybusiness2xngcxmasterspring2016\/?post_type=chapter&#038;p=6659"},"modified":"2017-03-31T16:11:41","modified_gmt":"2017-03-31T16:11:41","slug":"outcome-explain-the-role-of-banks-new","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/chapter\/outcome-explain-the-role-of-banks-new\/","title":{"raw":"Outcome: Role of Banks","rendered":"Outcome: Role of Banks"},"content":{"raw":"<h2>What you'll learn to do: explain the role of banks in the U.S. monetary system<\/h2>\r\nIn this section you'll learn how banks serve as intermediaries for the flow of money between lenders and borrowers. You'll also learn about the system in which\u00a0which banks operate: the Federal Reserve System.\r\n\r\nThe specific things you\u2019ll learn in this section include:\r\n<ul>\r\n \t<li>Explain the difference between M1 and M2 money supply and how they are measured<\/li>\r\n \t<li>Explain how banks act as intermediaries between savers and borrowers<\/li>\r\n \t<li>Explain the structure and key functions of the Federal Reserve<\/li>\r\n \t<li>Explain how the\u00a0Federal Reserve System\u00a0implements monetary policy<\/li>\r\n<\/ul>","rendered":"<h2>What you&#8217;ll learn to do: explain the role of banks in the U.S. monetary system<\/h2>\n<p>In this section you&#8217;ll learn how banks serve as intermediaries for the flow of money between lenders and borrowers. You&#8217;ll also learn about the system in which\u00a0which banks operate: the Federal Reserve System.<\/p>\n<p>The specific things you\u2019ll learn in this section include:<\/p>\n<ul>\n<li>Explain the difference between M1 and M2 money supply and how they are measured<\/li>\n<li>Explain how banks act as intermediaries between savers and borrowers<\/li>\n<li>Explain the structure and key functions of the Federal Reserve<\/li>\n<li>Explain how the\u00a0Federal Reserve System\u00a0implements monetary policy<\/li>\n<\/ul>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-6659\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Outcome: Role of Banks. <strong>Authored by<\/strong>: Linda S. Williams and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":114,"menu_order":4,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Outcome: Role of Banks\",\"author\":\"Linda S. Williams and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"41e28119-22cc-4f6b-8709-c3d83106cb20","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-6659","chapter","type-chapter","status-publish","hentry"],"part":83,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapters\/6659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/wp\/v2\/users\/114"}],"version-history":[{"count":14,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapters\/6659\/revisions"}],"predecessor-version":[{"id":10578,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapters\/6659\/revisions\/10578"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/parts\/83"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapters\/6659\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/wp\/v2\/media?parent=6659"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapter-type?post=6659"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/wp\/v2\/contributor?post=6659"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/wp\/v2\/license?post=6659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}