FIN401 Banks management: Discussion 1 Week 2: Interactive activity

2.1 Learning Outcomes:
Define the terms bank and financial system.
Describe the Central Banking System.
Recognize the structure of the Federal Reserve System and Leading Central Banks of Europe and Asia.
2.2 Action Required:
Study the information about FED Reserve System given on the Weblink (To access the link, just click on the link (If not working, Copy it and paste in the URL)
https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-system.htm
2.3 Test your Knowledge (Question):

Explain the 3 Key entities of the Federal Reserve System
List the 5 functions of the Federal Reserve System
2.4 Instructions
ยท Maximum limit of each answer is 120 Words.
Please Avoid plagiarism, the work should be in your own words

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