AP ECONOMICS: October 24 Warm-up: which of the following is “money”? 1. a quarter; 2. a one-dollar bill; 3. a debit card; 4. a check; 5. a credit.

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AP ECONOMICS: October 24 Warm-up: which of the following is “money”? 1. a quarter; 2. a one-dollar bill; 3. a debit card; 4. a check; 5. a credit card --finish What is Money? video (8th only) --Types of Money (read pp. 234-235 together) A.P. Economics Learning Target: In order to understand how the government works to promote the economic goals of full employment, price stability, and economic growth, I will analyze the structures and responsibilities of the Fed. I will know I have it when I can explain: (1) how it is largely indepe- pendent from politics; (2) why it is a decentralized central bank; (3) the role of the Board of Governors; (4) the role of the FOMC; and (5) how it interacts with banks and in the payments system. --Federal Reserve System (video guide—HO) -Intro; Structure of the Fed; Payments System; Supervision and Regulation; Monetary Policy; Fed’s Role Today (3rd needs to finish) Assignment: --complete Module 23 HOs on money (HO from earlier) --read Module 28 --watch Mr. Clifford’s videos (AC-DC Economics)