Final Exam Study Guide

TR Classes

Exam will cover the following sections:

The Fed, Financial Systems Intro, Money & Banking & Monetary Policy

Understand the 3 Monetary Policies for Expansionary Policies

                (Reserve Requirements, Open Market Operations, Discount Window)

Be able to illustrate the Bond Market

Know the importance of the velocity of money

Be able to illustrate the Money Demand/Money Supply Market

Know the functions of the Federal Reserve District Banks

Know about the FOMC

Know about the selection of the Fed Chairman

Understand the role of the NY Fed Bank

Understand the role of the Fed's Dual Mandate

Understand and know the structure of the Federal Reserve

Understand and know the structure of the Federal Reserve Act of 1913

Know what the federal funds rate and discount rate represents

Understand and know about vertical integration (mergers)

Know what happens when the fed increase or decreases the money supply

Understand the Fed's position as the lender of last resort

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