1. Our banking system video

2. Kinds of $ Currency (coins & bills) Checks/debit cards – How are checks used? – Demand deposit?? Traveler’s checks

3. Most of nation’s money supply is through??

4. Bank services Checking accounts Savings accounts Loans..MOST IMPORTANT ROLE IN OUR ECONOMY – How do they help the economy to grow?

5. Federal Reserve system regulate banking industry and $ supply video Independent agency of federal government Created by Congress in 1913 Consists of 12 federal reserve districts in U.S Run by 7 member board of Governors

6. Functions of the Federal Reserve Bank Providing service for banks Acting as the governments bank Regulating banks Helping banks that need extra $ Controlling the $ supply

7. inflation A rise in the prices of goods and services recession Video (recession/inflation) Video Slowdown in production and economic activity