Wednesday, December 18, 2013

Field Trip

I felt this field trip was extremely worthwhile as I learned plenty of what goes on in the Chicago Board of Trade along with what goes on in the Federal Reserve Bank. What I learned from the Chicago Board of Trade was that being in a job involved with money is incredibly risky, as making a simple mistake between communications with a broker can make or break a deal costing costly mistakes. Along with this, the CBOT has it's own unique language with hand gestures that seemed really interesting in which the tour guide explained it would have to be explained in a matter of 3 weeks. In the Federal Reserve Bank, I mostly learned about bitcoins about how internet currency can have an effect on the economy but apparently there have been no plans of yet to ban or adopt this form yet. This trip is really educational as the mandatory questions the students have to ask do a good job of actually teaching of what goes on in the world of economics.

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