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Accepted Answer

Ok. You are doing your final on the Airline industry correct? If so, then if you need any type of help feel free to let me know. That will help this week not to be so stressful and run smoothly. Also the information you requested is below. Good luck on your presentation.:

1.why was the federal reserve created? 2. what are its essential functions?

The Federal Reserve's duties fall into four general areas which are the conduct of the nation's monetary policy, supervising and regulating the banking institutions, maintaining the stability of the financial system, and providing financial services. The federal reserve conducts the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates. It supervises and regulates banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers. It maintains the stability of the financial system and containing systemic risk that may arise in financial markets. It also provides financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system. (Federal Reserve)

3. who are the decision makers of the federal reserve? 4. how do these people obtain these postions?

The Board of Governors of the Federal Reserve System is a federal government agency. The Board is composed of seven members, who are appointed by the President of the United States and confirmed by the U.S. Senate. The Chairman and the Vice Chairman of the Board are also appointed by the President and confirmed by the Senate. The nominees to these posts must already be members of the Board or must be simultaneously appointed to the Board. The terms for these positions are four years.

The full term of a Board member is fourteen...