Characteristics of american financial system
Assess the structural characteristics of the American financial system, including both institutions and markets, that lead to its efficiency and effectiveness.
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Nonbusiness bad debt $6,000 ;Business bad debt $2,000 ;Nonbusiness long-term capital gain $4,000; Nonbusiness short-term capital loss $3,000
Describe and evaluate the functions of financial markets. Provide an example of the functions of the Bond Market, the Stock Market, or the Mortgage market.
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Discuss the role of central banks, such as the Federal Reserve in the United States, to provide economic growth and stability.
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