This act allow banks to consolidate so they may act as investment banks AND commercial banks while being able to also provide investment insurance

What will happen to the economy is the FED raises interest rates (discount rate)?

The number of Federal Reserve Districts = ?

Insures money in banks up to $250,000

This Act established a uniform standard of currency (Civil War Era) and a dual banking system (national and state banks)

This type of bank offers FULL banking services to its customers like accepting deposits and making loans (Ex: Citibank)

This Act established the FDIC (Federal Deposit Insurance Corporation) as a result of the Great Depression

What will happen to the economy if the FED (Federal Reserve) lowers interest rates (discount rate)?

Who is the Federal Reserve policy making group?

Their job is to regulate banks, control interest rates, loan money to banks, and issue gov't bonds

Can you name 3 basic types of bank accounts?