Monthly Question Answers

 
 

March 2019


Wings (ages 5-12):

Q: True or False…There was once a $100,000 bill.

A: True-Printed in 1934, $100,000 Gold Certificates bearing a portrait of Woodrow Wilson were used, but only for official transactions between Federal Reserve Banks.

 

Fliers (ages 13-15)

Q: What is the Federal Reserve System?

A: The Federal Reserve System is the “central bank” of the country, composed of 12 regional Reserve banks, and the Federal Reserve Board in Washington and controls the ability of our commercial banks to create money and credit. The Federal Reserve also controls the level of interest rates.