MythUnderstanding
Description Return to Resource List
- Title
- MythUnderstanding
- Reserve Bank
- Richmond
Summary
MythUnderstanding" is a series of four videos developed by our Bank to provide facts and address common misconceptions about the Federal Reserve System. The goal of "MythUnderstanding" is to clarify our responsibilities and accurately explain our role in America's economy. Video 1: Video 3: Video 4:
Myth: The Federal Reserve is responsible for fiscal policy.
Reality: The Federal Reserve is responsible for monetary policy.
Video 2:
Myth: The Federal Reserve is controlled by Wall Street.
Reality: The Federal Reserve is accountable to the American people.
Myth: The Federal Reserve is not audited.
Reality: The Federal Reserve is audited.
Myth: The Federal Reserve prints money.
Reality: The Federal Reserve doesn't print money — the Fed influences the money supply and issues currency, distributes it and stores it.
Additional Information
| Types |
|
Videos
|
| Topic |
|
Banking |
| Target Audience |
|
General Public |
| Grade Level |
|
5-8 |
| Keywords |
| Federal, Reserve, Accountability, transparency, board, of, directors, monetary, policy, fiscal, policy, money, audit |
| Education Standards |
|
