5 Week 5: The Federal Reserve’s Role in Payments and the Payments System 5 Week 5: The Federal Reserve’s Role in Payments and the Payments System
5.1 Learning Goals 5.1 Learning Goals
Understand the historical role of payments in our economy.
Be acquainted with current types of payments and associated rules and regulations, with a particular focus on the Fed’s role.
Understand the key differences in payments types and what this means for the consumer.