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Federal Reserve Bank Of Atlanta

A visit to the Federal Reserve Bank of Atlanta proves to us, and hopefully to our audience, that a simple interest in math and technology can lead to a wide variety of career opportunities. Although we take a fun and loose approach to learning about the Federal Reserve, our Teachable Moments are truly insightful. They include a description of what this institution is and does and a discussion of the gold standard and exactly what gives money its value.

STEAM Category

Mathematics
Math
  • Support Materials

    Discuss

    1. BRIEF EXCERCISE -- divide notecards into quarter pieces and put a $ symbol on each. Distribute randomly amongst all students. Announce that you will auction off some candy and allow students to bid, noting how much students paid for each piece. Then, distribute twice as much money note card money as before and repeat the auction. Discuss with students the difference in prices paid and why the Federal Reserve controls the amount of money in circulation--to control inflation (increasing prices)

    2. Why won't some people or businesses accept a ripped piece of money? What is the connection between this situation and why the Federal Reserve shreds money?

    Expansion

    Vocabulary

    Currency: the money that a country uses

    Finance: the way in which money is used and handled

    Circulation: the act of passing money from person to person or place to place

    Central Bank: a bank that does business with other banks and with the government and that controls a country's money supply and interest rates

    Treasury: the government department that is in charge of handling a country's money

    Gold Standard: a system in which a unit of money (such as the dollar) is equal to a particular amount of gold

    IT: (information technology) application of computers to store, study, retrieve, transmit, and manipulate data, or information

    Public Affairs: the activity or job of providing information about a particular person or organization to the public so that people will regard that person or organization in a favorable way

    Regulation: an official rule or law that says how something should be done

Special Thanks

Wells Fargo, Jean Tate, Amy Hennessey, City of Atlanta

This content was developed under a grant from the U.S. Department of Education. However, this content does not necessarily represent the policy of the U.S. Department of Education, and you should not assume endorsement by the Federal Government.