the Federal Reserve Bank of Boston

• This Friday, Kats arranged us to visit the Federal Reserve Bank of Boston. This is a department of the nation’s central bank; it promoted sound growth and financial stability in the nation. It made by the Congress, and the Federal Reserve’s ultimate accountability is to Congress. In general, this is a totally different bank between other banks in Boston. And the Federal Reserve Bank in Boston is only one of 13 branches in the America.
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  First of all, when we got into the Federal Reserve Bank, the building was very majestic that gave me a very stately feeling. After passing the safe examination system, exactly, the visiting process is a presentation which the staff in the bank introduced the operation workflow and some knowledge about the business about the Federal Reserve Bank of Boston. Because I have never learned about the economics or business before, so I had no idea about the economics. I was still a little confused about the Inflection in my macroeconomics course. After the general introduction of the monetary policy, I knew a lot. Like what the Inflection is, and what the recession is. What’s more, I understand how the government and bank work to prevent and solve this kind of economic problem. I found the most interesting part of the presentation is that the presenter gave us some instances to telling truth from falsehood of money. Some difference between the forged note and the genuine note is the value number. Even the most interesting difference is the different head portraits. Everyone laughed at this. The experience visiting to the Federal Reserve Bank of Boston is very interesting and useful, to be honest, I considered it could be a good resource for me to help my macroeconomics. Fortunately, I did not choose business as my major, because I think it is too complicated system and too difficult to learning after I knew more about the operation workflow.