The Changing Money and Banking System
Objective 16-5 Identify three important ways in which the money and banking system is changing.
The U.S. money and banking system continues to change today. Government emergency intervention aims to stabilize a troubled financial system. Enforcement of antiterrorism regulations deters criminal misuse of the financial system. And with the expansion of banking services, electronic technologies affect how you obtain money and how much interest you pay for it.
Government Intervention for Stabilizing the U.S. Financial System
The financial world was shaken with the 2008 collapse of Lehman Brothers, the leading U.S. investment bank. Lehman’s bankruptcy was soon followed by the threat of another giant’s demise, ...
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