PLEASE HELP
1.Create a diagram of the U.S banking system and the Federal Reserve System(FRS). Include special financial services of the banking system in your diagram. Be creative in this activity. Pretend you have been asked to teach the structure and interrelationships of the systems to someone else
2.List and define all terms contained in the diagram created
i don't know how to do this and i don't know what it's asking
um.... reed you need to calm down and stop being so ignorant. Sueme asked for help if you cant help, don't comment. it's just that simple.
looks like someone is letting their huge ego get to their head, reed you need to calm down not everyone has the time to deal with your ignorant responses if you feel the need to be rude come after me and we"ll talk i am so tired of seeing students asking for help and the first comment is from you saying help yourself.. if you are not here to help others then might as well stay off the site... Just saying.
Finally someone stood up to reed, idk what his problem is but its getting on the nerves of so many people.. I like you @MyNameJeff we should be friends
do you have snapchat??
Reed, where'd you go to school bud? Next Albert Einstein, I Think So!
cool I added you lol
No worries, I can help you with that!
1. Creating a diagram of the U.S. banking system and the Federal Reserve System (FRS):
To create a diagram, follow these steps:
- Start with a central box labeled "Federal Reserve System (FRS)." This represents the central banking system of the United States.
- Draw three boxes connected to the Federal Reserve System, representing the three main components of the FRS: the Board of Governors, the Federal Reserve Banks, and the Federal Open Market Committee (FOMC).
- Connect the Federal Reserve Banks box to multiple other boxes representing commercial banks. These represent the various banks operating in the United States.
- Within the commercial banks, you can include special financial services such as retail banking, commercial banking, investment banking, and wealth management. Be creative and add specific services or departments based on your knowledge or research.
- You can also add arrows to depict the flow of money and communication between the Federal Reserve System and the commercial banks.
Please note that this is a general guideline, and you can customize your diagram based on your interpretation and understanding of the U.S. banking system and the Federal Reserve System.
2. Listing and defining terms contained in the diagram:
To list and define the terms included in the diagram, here are a few common terms you might encounter:
- Federal Reserve System (FRS): The central banking system of the United States, responsible for regulating the monetary and financial system, conducting monetary policy, and supervising banks.
- Board of Governors: The main governing body of the Federal Reserve System, responsible for setting monetary policy and overseeing the operations of the Federal Reserve Banks.
- Federal Reserve Banks: The regional banks that make up the Federal Reserve System. They facilitate and provide services to commercial banks, such as holding reserves, clearing checks, and providing liquidity.
- Federal Open Market Committee (FOMC): A committee within the Federal Reserve System responsible for setting the nation's monetary policy, including decisions on interest rates and open market operations.
- Commercial Banks: Financial institutions that accept deposits, provide loans, and offer various financial services to individuals, businesses, and other organizations.
- Retail Banking: The division of a commercial bank that serves individual customers and provides services such as checking and savings accounts, mortgages, and personal loans.
- Commercial Banking: The division of a commercial bank that serves businesses and provides services such as corporate loans, trade financing, and cash management.
- Investment Banking: The division of a commercial bank that offers financial advice, underwriting services, and assistance in buying or selling securities, mergers, and acquisitions.
- Wealth Management: The division of a bank or investment firm that provides specialized financial services to high-net-worth individuals, including investment advisory, estate planning, and asset management.
These are just a few terms that you may encounter in the diagram. To create a comprehensive list, analyze the content of your diagram and make sure to define and explain each term clearly.