Julia Carle, Chapter 10, Question #7

Before reading chapter 10, I didn't know that the Federal Reserve System is made up of twelve Reserve banks spread across the country. I feel like I probably should've known that, but I didn't. I've never heard of Ben Bernanke and didn't know there was a chairman of the board of seven governors either. To be honest, I didn't even know what the federal reserve banks did until now, it was just a term thrown around before. It seemed like a complicated idea, so I strayed away from it not giving a care as to whether I knew what it meant or not. Now I know that it does the major works for the financial system of the U.S. Adding this to my knowledge makes me feel more confident in the U.S. Financial system and has introduced many new thoughts and ideas into my brain.