What you’ll learn to do: describe the purpose of the Federal Reserve System and its role in controlling the money supply and influencing interest rates

Take a dollar bill out of your wallet (or borrow one from a friend) and look at the very top of the bill. What does it read? The money we use every day is actually Federal Reserve Notes, so as students of business we need to find out more about the Federal Reserve System and what it does to control money supply and interest rates.

Federal Reserve Note

Learning Activities

The learning activities for this section include:

• Reading: The Federal Reserve System
• Simulation: Chair the Fed
• Self Check: Federal Reserve System

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.