Define money and identify the different forms that it takes in the nation’s money supply.
Describe the different kinds of financial institutions that compose the U.S. financial system and explain the services they offer.
Explain how financial institutions create money and describe the means by which they are regulated.
Discuss the functions of the Federal Reserve System and describe the tools that it uses to control the money supply.
Identify three important ways in which the money and banking systems are changing.
Discuss some of the institutions and activities in international banking and finance.