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- Knowledge of basic facts and terms
- Understanding of concepts and principles
- Ability to apply the knowledge to specific case problems
- 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, www.GetCollegeCredit.com.)