Provide some historical information about when and why the U.S. Federal Reserve was created.
Describe the structure of the Federal Reserve System, including the Board of Governors, the Federal Open Market Committee, and the 12 District Banks.
What are the functions of the 12 Federal Reserve District Banks, which serve as "bankers' banks"?
List the tools used by the Federal Reserve to conduct monetary policy.
How are the monetary tools used to stimulate the economy when unemployment is high?
How are the monetary tools used to reduce or prevent inflation?
What is the most important function of the Federal Reserve?