DANTES/DSST Study Guide For Money and Banking

Money and Banking Study Guide - Buy Now!

The Money and Banking DANTES / DSST covers everything you need to know about money. You'll learn about the Federal Reserve, the history of banking, monetary policy and the monetary system. We also include flashcards to help you memorize the material. This guide will help you ace the test. Detailed information in this guide includes:

• The Origin and Evolution of Money
• Barter
• Money as an IOU
• The Basic Properties of Money
• Bills of Exchange
• Paper Money
• Goldsmith Bankers
• Virginian Tobacco
• Gold Standard
• Intangible Money
• The Future of Money
• A Brief History of Banking and Credit
• The Fractional Reserve System
• What is a Bank?
• How Banks Create Money
• The Contemporary World Financial System
• Components of the Contemporary Financial System
• The International Monetary Fund (IMF)
• Bank of International Settlements (BIS)
• The World Bank
• Central Banks–The U.S. Federal Reserve Bank System
• Investment Banks and Commercial Banks
• Government Sponsored Entities (GSEs)
• Stock, Foreign Exchange (FOREX) and Commodity Exchanges
• Some Concerns
• The Role of Interest Rates Effects of Inflation
• Time Value of Money
• The Influence of Interest Rates
• The Federal Funds Rate and Reserve Requirement
• Other Important Types of Financial Interest Rates
• Banking and Indirect Finance
• How a Bank Functions
• Types of Banks
• How do Banks Make Money?
• Corporate Formation and Structure of Banks
• Obtaining a Mortgage and an Auto Loan
• Bank Operations
• Non-Bank Finance
• Public Market Financing
• Private Investment Companies and Syndicates
• Venture Capitalists
• Leasing Companies
• Private or Second Mortgages
• Sub-Prime Mortgage Lending
• Asset-Based Lending
• Central Banking
• Brief History of the U.S. Federal Reserve Bank
• Structure of the Federal Reserve System
• Role of the FOMC and How Fed Funds Rates are Established
• Constant Vigilance
• The U.S. Dollar and the Lender of Last Resort (LOLR)
• Fed Controversy
• International Finance
• International Trade, Comparative Advantage and Exchange Rates
• Currency Exchange Rates
• Foreign Investment
• Balance of Payments
• Balance of Payments Deficit and Surplus
• The International Financial System
• Monetary Policy and Globalization
• Sample Test Questions

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