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U4 “America’s Money Vault: Inside The Federal Reserve”
Viewing Questions
Documentary Link: https://www.youtube.com/watch?v=iepgAFZecKk
1. What is the Federal Reserve?
Fed, is the central bank of the United States and arguably the most powerful financial
institution
2. What is the main job of the Fed?
Supervising and regulating banks and other important financial institutions to
ensure the safety and soundness of the nation's banking and financial system
and to protect the credit rights of consumers.
3. How many districts are there in the Federal Reserve System?
Twelve Federal Reserve Districts operate independently but with supervision
4. How much are 10 gold bars worth, according to the documentary?
6.6 million dollars
5. What is U.S. money “backed” by today?
It is backed up by fiat money
6. What is the average lifespan of the $20 bill? What about the $50 bill? The life
span of a 20 dollar bill is 7.8 years and a lie span of a 50 dollar bill is 12.9 years
that is 5.1 more years than the 20 dollars
7. How much money, in terms of damaged bills, did the Fed destroy after
Hurricane Katrina? It damage over 120 million dollars which you cannot get
back because you cant remake that much at a time unless you get an order from
officials
8. How did the Fed respond to the national crisis after 9/11?
The Federal Reserve's response to the immediate effects of the attacks was to
provide liquidity the ability to make payments to firms and individuals.
9. What technique did Benjamin Franklin, one of America’s first engravers, use to
prevent counterfeiting?
man had the foresight to create a system to protect the integrity of ... currency by
masterminding a new anti-counterfeiting method.
10. How many master engravers work on U.S. currency today?
6
11. How long did it take to design the new $100?
It takes about 12 years to make a new 100 dollar bill design