The Mighty Dollar – How Does It Really Work?

Image of the Federal Reserve Bank

iconThink about the following:

    • Who supervises banks to ensure that they have enough funds and follow good practices to protect your money?
    • Why do you think it is important to use a bank for your own money? Wouldn't it be easier to keep it in a drawer inside your house so you won't have to go to an ATM or the bank to withdraw funds?
    • How do banks transfer huge amounts of funds to each other?

Let's look at the Federal Reserve Bank, which provides all of these services and more.