- List and describe the functions of a modern central bank
- List and describe the principles of central bank design.
- Describe the structure and functioning of the Federal Reserve System and compare it to the European Central Bank.
- Describe in detail the central bank balance sheet including assets and liabilities.
- What are the means at the Fed’s disposal for changing the size and composition of its balance sheet?
- Explain the process the Fed currently uses to achieve it’s monetary policy goals.
