our goal was to: Describe the creation of the Federal Reserve System and its rol

Question

our goal was to:

Describe the creation of the Federal Reserve System and its role as agent and bank regulator;

Distinguish between various deposit instrument and regulations;

Define and describe negotiable instruments;

Explain how banks post checks to accounts and bank security measures against fraud;

Identify basic loan categories;

Examine the objectives of funds management, including asset/liability management and bank investments.

Define the characteristics of commercial banks and thrift institutions.

Describe the types of risks incurred by financial institutions.

write one paragraph

Write a brief assessment of how well you think the course reached these goals. As always, be specific in your comments. What helped reach the goals? What could have done more to get closer to reaching all of the goals? What would you change or improve about the course to make things better?

Explanation / Answer

Federal Reserve System was created by the U.S.Congress on December 23, 1913 with the enactment of Federal Reserve Act and its role is as follows:

regulating banks and other important financial institutions

Providing certain financial services to the U.S. government, U.S. financial institutions, and foreign official institutions

Conducting the nation's monetary policy by influencing money and credit conditions

Maintaining the stability of the financial system

2. Negotiable Instruments are those documents with the name of payee on it which guarantees the payment either on demand or at a set time.

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