and Career
Reading Prep. In preparation
for this chapter, research the
US Supreme Court case of
McCulloch v. Maryland. As
you are reading the chapter,
keep in mind the reasoning
used by the court in this
Federal Reserve
Section 5.1
History of the Federal Reserve System
Section 5.2
Structure of the Federal Reserve System
Section 5.3
Function of the Federal Reserve System
As you have read in previous chapters, the
supply of money in a system has a great deal to
do with whether or not the economy will grow.
The actions taken by a government to control its
money supply will determine how much that
dollar in your pocket is worth. Every day, the
value of a dollar changes. Prices and interest
rates go up and down. The Federal Reserve
System is the means for making sure the value
of the dollar remains stable and your savings are
Check Your Banking IQ
Before you begin this chapter, see what
you already know about banking by taking
the chapter pretest.
www.g-wlearning.com/fi nance/
Scan the code to view a Biz Kid$
video. If you do not have a
smartphone, visit the G-W Learning
companion website.
www.g-wlearning.com/fi nance/
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