Sunday, June 27, 2010
Federal Reserve Bank in Boston
On the friday of this week, we went to a very markable place, Federal Reserve Bank. actually, i am a person that being interested in economics. probably since that my father used to study a lot about economics, you konw, he aways chat with me something about economics, which makes me ears heared all around things such as taxes, company revenue and interests and so forth. moreover, i perceived when i was 16 or 17 that economics is a subject that every single person should know about, as it is closely related with our daliy life and money. In Federal Reserve Bank, we participated a meaningful presentation. it is a presentation that talked about the system and function of Federal Bank, compared with individual bank like the Bank of American. what i learned from that lecture is quite useful for me, i really like it. from that lecture, i learned a very crucial concept for Federal Bank, where is a place issuing money and supervising economy of America. Every paper is not supported by gold, but from trust. and more thing make me delighted is that all of the money circled in the market or credit will eventually floatting to Federal Bank, which is like a end of the chain, and every paper is producted from Federal Bank, the end of chain. so Fed Bank just like the final point of all the money floatting, meanwhile it is a start of this chain, that's amazing!! i really like this day, making me learn a lot about banking system and even the whole economy.
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