Assignment: The U.S. Banking System

Objectives

• Describe the different kinds of financial institutions that make up the U.S. financial system
• Identify special financial services in the U.S. financial system
• Identify the tools the Federal Reserve System uses to control the U.S. money supply

Assignment Overview

This assignment explores structure and interrelationships of the U.S. Banking System.

Deliverables

A visual diagram of the U.S. Banking System and a glossary of terms.

Step 1 Create a diagram of the U.S. banking system and the Federal Reserve System.

Create a diagram of the U.S. banking system and the Federal Reserve System. Include special financial services of the banking system in your diagram. Be creative in this activity. Pretend you have been asked to teach the structure and interrelationships of the systems to someone else.

Step 2 Define all terms used in a text glossary.

List and define all terms contained in the diagram created in step 1.