As officially described on the Fed’s website, “The Federal Reserve conducts the nation’s monetary policy . . . promotes the stability of the financial system
History of The Glass-Steagall Act The Glass-Steagall Act (1933) separated depository institutions aka retail banks from investment banks and limited securities, activities, and affiliations within commercial banks and
Commercial Bank Definition Commercial Banks are a type of financial institution that provides loans, accepts deposits, and offers financial products and services like savings accounts or
Monetary System Definition A Monetary System is defined as a set of policies, frameworks, and institutions by which the government creates money in an economy.
Introduction to the Stock Market A stock market (also known as an equity market or share market), is a collection of buyers and sellers of
Financial Intermediaries Definition A financial intermediary is a financial institution that connects surplus and deficit agents. The classic example of a financial intermediary is a