- Explain the role of banks and the Federal Reserve System in the creation and destruction of money through the credit-granting/repayment process.
- Describe the role and the tools and techniques of the Federal Reserve System in promoting price level stability.
- Describe the major classifications of financial institutions, their roles, and functions in the US economy
- Demonstrate understanding of the role of banks and the Federal Reserve & other Central Banks in international trade and finance.
- Demonstrate knowledge of the central role of interest rates and an understanding of the structure of interest rate determination.
- Describe the connection of the time value of money with financial markets and their assets
Sample Solution.
