Money supply List two approaches to measuring the money supply. Distinguish among the four measures of money used by the Federal Reserve System. Financial markets Describe the basic function of financial markets. List the four classifications of financial markets. Explain the four characteristics of financial markets.
Financial intermediaries Identify three major categories of financial intermediaries.
Explain why and how the government regulates financial markets. Interest rates List three methods of measuring interest rates. Balance sheet Explain the purpose of a bank's balance sheet. List some assets and liabilities that make up a bank balance sheet. Name several methods that can be used by banks to manage their assets and liabilities profitably.