New economic education Web site.
The Federal Reserve has unveiled a new economic education Web site with an easy-to-remember URL URL
in full Uniform Resource Locator
Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : www. FederalReserveEducation.org See .org.
(networking) org - The top-level domain for organisations or individuals that don't fit any other top-level domain (national, com, edu, or gov). Though many have .org domains, it was never intended to be limited to non-profit organisations.
RFC 1591. . The site was designed primarily to serve the needs of high-school and college economics and social studies classes, but the user-friendly format makes the information accessible for students of all ages as well as the general public.
In a statement announcing the new site, Federal Reserve Chairman Alan Greenspan Alan Greenspan
Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. said, "The Fed has actively promoted economic education and better public understanding of the roles of the Federal Reserve for many years. This Web site is intended to improve the information resources (1) The data and information assets of an organization, department or unit. See data administration.
(2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. available to educators, students and others with an interest in the Federal Reserve and how it works."
The Web site helps answer some of the frequently asked questions about the Fed's purposes and functions. Covering a wide array of topics from the Fed's history to how the central bank changes short-term interest rates Short-term interest rates
Interest rates on loan contracts-or debt instruments such as Treasury bills, bank certificates of deposit or commerical paper-having maturities of less than one year. Often called money market rates. to combat inflation or spur economic growth, the content-rich site includes FED101, an interactive supplement to traditional classroom curriculum.
In the FED101 portion of the Web site, educators and students will find interviews with many of the Federal Reserve Bank presidents, a virtual bank exam and a chance to play an interactive game called "Fed Clue."
The site also provides a way for users to order the Fed's educational video, "The Fed Today," narrated by television and radio newsman Charles Osgood For the psychologist see, see .
Charles Osgood (born Charles Osgood Wood, III on January 8, 1933) is a radio and television commentator in the United States. His daily program, The Osgood File, has been broadcast on the CBS Radio Network since 1971. . A teacher's guide is provided to accompany the video.
In addition, users will find links to contact each of the 12 Reserve Banks and the Board of Governors in Washington to order materials and obtain information about educational programs at the District level.