What is money, what are its characteristics and functions,

and what are the three parts of the U.S. money supply?


. How does the Federal Reserve manage the money supply?


. What are the key financial institutions, and what role do

they play in the process of financial intermediation?


. How does the Federal Deposit Insurance Corporation

(FDIC) protect depositors’ funds?


. What roles do U.S. banks play in the international



. What trends are reshaping financial institutions?