1. What is the Federal Reserve?What are the components of the Federal Reserve?

2. What are the four functions the Federal Reserve perform?

3. What are the consumer protection laws? Name them.Why do we have them?

4. What is the monetary policy?How does it differ from fiscal policy?How are they similar?

1.How was the banking system established in the US? What were some of the successes and failures over the past 200 years?

2. Describe the changes in bank regulation over the past 200 years.What

works and what doesn't?

3. Describe the changes in the currency in our country over the past 200 years.

4. Why was FDIC created?What does it do?Is it helpful or harmful to the economy?