Banking Review

Created byJanet Barcaro

Table of Contents

About theAuthor

About the Author

• Business education teacher at Interboro High School.

• May 5, 2001- Master’s Degree in Applied Technology/Instructional Design.

• Sponsor of the Future Business Leaders of America

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Table of Contents

Parts of a check Federal Reserve System

Banking AcronymsEXIT Fun Web Sites

Federal Reserve System Menu

Map of Federal Reserve

Alan Greenspan

Federal Reserve Activities Go figure!

Takin’ Care of Business

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Alan Greenspan

• Chairman of the Board of Governors of the Federal Reserve System

• Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body.

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United States Federal Reserve Districts

Philadelphia

District 3

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Go Figure!

If you deposit $2000 in your bank, your bank must keep 15% in reserve. Your bank can lend the rest. How much of your money can the bank lend to others?

$30 $170 $300 $470 $1700

Select the correct answer and hear the applause!

Select the wrong answer and beware!MENU

Federal Reserve Activities

Bank for banksAccepts deposits from member banks

Lends money to member banks

Holds reserves 15% Acts as a clearing house

Sets monetary policy

Watch as the six major activities of the Federal Reserve Appear

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Parts of a Check

Drawer Check #

datepayee

Amount in Numbers

Amount in Words

Drawee

Memo

Account Number

Drawer

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• FDIC

• EFT

• Fed

• FSLA

• NCUA

Banking Acronyms

• Federal Reserve System• Federal Savings and Loan

Association• Electronic Funds Transfer• Federal Deposit Insurance

Corporation• National Credit Union

Administration

Match the acronym to the business term. The answer will appear every eight seconds. Check your answers.

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Learn More About BankingWeb Sites for Info and Games

• http://www.thetopnotch.com/greenspan/

• http://www.ex.ac.uk/~RDavies/arian/llyfr.html(The History of Money)

• http://www.usmint.gov/kids/

(How the US Mint makes money and history of coins)

•http://mutualfunds.about.com/money/mutualfunds/library/weekly/aa112500a.htm MENU