Unit 4: Money, Banking & Financial MarketsThis unit exams how money acts as a driving force within our market economy. It explores the history of money within our country and how we came to the current existence of money today. The chapters will explain how money, banking and financial markets have evolved and the roles they play in our daily lives. Through this unit I hope you will further your understanding of your role within our markets and financial systems, and further develop your financial literacy.
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ANSWERS TO OCC WEBSITE ASSIGNMENT
1. Regulate, charter, and supervise national/federal banks
2. Department of Treasury 3. Joseph Otting 4. The President- Trump- appointed in 2017 5. 5 years 6. All of the above 7. 1863 8. Hugh McCulloch- Appointed by President Lincoln 9. National Currency Act of 1863 10. Deposits 11. $250K 12. To ensure banks remain viable since the system would collapse if banking were to collapse. |