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June 7, 2017

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Study Guide

Printed Version - $225

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Money & Banking

Money and Banking covers the material contained in a one-semester college course. Questions on the exam test:
  • Knowledge of basic facts and terms
  • Understanding of concepts and principles
  • Ability to apply the knowledge to specific case problems
Topics covered by this course include:
  • The Role and Kinds of Money
    • Alternative definitions of money
    • Money and other assets

  • Commercial Banks and Other Financial Intermediaries
    • Deposit deregulation
    • Structure of the banking industry
    • Operation and management of financial markets and intermediaries
    • Deposit insurance
    • International banking

  • Central Banking and Federal Reserve System
    • Structure and organization
    • Historical framework
    • Current monetary management

  • Money and Macroeconomic Activity
    • Basic classical and Keynesian economies
    • Monetarism and rational expectations
    • Money and inflation

  • Monetary Policy in the United States
    • Conducting monetary policy
    • Targeting of monetary aggregates vs. interest rates
    • Policy effectiveness
    • Monetary vs. fiscal policy

  • International Monetary System
    • International monetary institutions and the debt crisis
    • International payments and exchange rates
    • Monetary policy in conjunction with flexible exchange rates

(Taken from "Money and Banking," DSST (Dantes Subject Standardized Tests), Thomson Prometric,

The required textbook(s) for the Traditional course are listed below.

  • Money, Banking, and the Economy   
      6th by Mayer, Thomas / Duesenberry James S. / Aliber, Robert - WW Norton, 1996
    ISBN 9780393-96848-4