What Is the Federal Reserve?
Description Return to Resource List
- Title
- What Is the Federal Reserve?
- Reserve Bank
- Philadelphia
Summary
Students participate in a simple banking simulation to learn how banks take in deposits, make loans, and hold reserves. Students will simulate the difficulties of check clearing without a clearinghouse and efficient check clearing with the Federal Reserve’s clearinghouse.
Additional Information
| Types |
|
Lesson Plans
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| Topic |
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The Federal Reserve System |
| Target Audience |
|
Teachers |
| Grade Level |
|
5-8 |
| Keywords |
| bank, panic, check, clearing, clearinghouse, Federal, Reserve, System, interest, reserves, saving |
| Education Standards |
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