About the Course
This online course provides an introduction to the important role the Federal Reserve System plays in the United States economy. Throughout the course, you will explore how banks and financial institutions operate, how the Federal Reserve supports financial stability, and how monetary policy impacts businesses, consumers, and communities. You will learn about the structure and purpose of the Federal Reserve System, including the Board of Governors and the 12 Federal Reserve Districts across the country. The course also explains key banking concepts such as monetary policy, financial stability, supervision and regulation, payment systems, and consumer protection. By the end of the course, you will have a stronger understanding of how the banking system functions and why it is essential to the overall health of the economy. By the end of this course, you will be able to: 1. Explain the purpose of the Federal Reserve System 2. Identify the major functions of the Federal Reserve 3. Understand the role of financial regulation and supervision 4. Identify the responsibilities of the Board of Governors 5. Describe how the Federal Reserve promotes financial stability and consumer protection