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Byline: Steve Rosen
Looking for a fun way to teach your kids about money and the economy? Check out the new visitors' center at the Federal Reserve Bank of Kansas City.
At the center, children can discover how the banking system works by tracing the circulation of money through our global economy. They can play economic problem-solving games; learn the meaning of those small, coded numbers on the top and bottom of checks; and get a grasp of the impact of inflation and the importance of foreign trade.
Exhibits explain the history of the Federal Reserve System and how it helps ensure a safe banking environment. Several displays also highlight the responsibilities of the Fed's 10th District, which covers seven states.
Kids also can see a Tommy gun once used by Federal Reserve security guards and a display of buttons that promoted the sale of war bonds.
"A lot of people just think of the Federal Reserve only when they see (Fed Chairman) Alan Greenspan on television, but we're involved in more than just fiscal and monetary policy," said Tim Todd, a spokesman for the Kansas City Fed.
The visitors' center reopened last month on the bank's mezzanine level after a renovation. A tour of the 27 exhibits, including a display of shredded currency and several interactive kiosks, should take no more than one hour. Admission is free.