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What are the six characteristics of money? Explain how the U.S. dollar has those six characteristics. |
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| 2 | |
What is the difference between a credit card and a debit card? Why are credit cards considerably more popular with U.S. consumers? |
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| 3 | |
Discuss the four economic goals the Federal Reserve must try to achieve with its monetary policy. |
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| 4 | |
Explain how the Federal Reserve uses open market operations to expand and contract the money supply. |
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| 5 | |
What are the basic differences between commercial banks and savings and loans? |
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| 6 | |
Why do credit unions charge lower rates than commercial banks? |
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| 7 | |
Why do finance companies charge higher interest rates than commercial banks? |
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| 8 | |
How are mutual funds, money market funds, and pension funds similar? How are they different? |
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| 9 | |
What are some of the advantages of electronic funds transfer systems? |
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