Assignment 1 money and banking

Objective: Familiarize students with the financial services market, Federal Reserve, and the Central Banking Systems.

Answer the following questions while referring to the Treasury’s popular Web site: http://treasurydirect.gov

 What is the size of the public debt of the United States right now?

 How big is that debt on a per capita basis? Based on what size of population?

 How has the volume of the public debt changed over time since the nation’s founding under the Constitution? Discuss the past of more than 200 years of debt.

 What is the Monthly Statement of the Public Debt and what does it contain? Can you see how this information might be useful to active buyers of Treasury securities?

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