Task: Answer the following question. Why did some Americans lose faith in the banking system before the Federal Reserve System was in place? Include the following in your response.
Question 1: Explain the three primary roles of the 12 Federal Reserve Banks.
Question 2: Why is the Federal Reserve referred to as the banker's bank?
Question 3: Describe the role of the Federal Open Market Committee in conducting monetary policy.
Question 4: Based on this video, why might the Federal Reserve want to decrease the money supply?