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?