The US Federal Reserve announced Monday it has redesigned its financial education web site to increase the use of Fed's educational materials and promote financial education in the classroom.

The new web site (www.FederalReserveEducation.org) will provide better access to materials for teachers, high school and college students and consumers trying to decipher complicated financial issues, according to a press release issued by the central bank.

The press release said that the site includes a new look and feel, while providing easier access to free educational materials, a teacher resource search engine, personal financial education, as well as new multilevel games for various ages and knowledge level.

"The Federal Reserve has a long history of promoting economic education and financial literacy," Fed Chairman Alan Greenspan was quoted as saying in the press release. "This new online tool offers students easier access to a wealth of information in the areas of economics, banking and financial services."

Source: Xinhua