Introduction to Business

Chapter 12: Money and Financial Institutions

Real-World Applications

How Banks Create Money

Can you imagine heading up the Fed and having the ability to increase the amount of money being circulated? You're responsible for observing the economy and supervising the supply of paper currency. Stressful? Write a profile on the chairperson of the Fed. You might also be able to find lots of interesting tidbits about this person in online newspapers and magazines.