The Money and Banking DSST study guide covers everything you need to know about money. You'll learn about the Federal Reserve, the history of banking, monetary policy and the monetary system. We also include flashcards to help you memorize the material. This guide will help you ace the DSST test. This DSST exam has some overlap with the CLEP Microeconomics and CLEP Macroeconomics tests. If you are considering taking this DSST test, you may want to see if you are eligible for those tests as well.
Number of Questions: 94
Recommended Passing Score:48
Included in the Money and Banking DSST Study Guide
The Origin and Evolution of Money
Money as an IOU
The Basic Properties of Money
Bills of Exchange
The Future of Money
A Brief History of Banking and Credit
The Fractional Reserve System
What is a Bank?
How Banks Create Money
The Contemporary World Financial System
Components of the Contemporary Financial System
The International Monetary Fund (IMF)
Bank of International Settlements (BIS)
The World Bank
Central Banks–The U.S. Federal Reserve Bank System
Investment Banks and Commercial Banks
Government Sponsored Entities (GSEs)
Stock, Foreign Exchange (FOREX) and Commodity Exchanges
The Role of Interest Rates Effects of Inflation
Time Value of Money
The Influence of Interest Rates
The Federal Funds Rate and Reserve Requirement
Other Important Types of Financial Interest Rates
Banking and Indirect Finance
How a Bank Functions
Types of Banks
How do Banks Make Money?
Corporate Formation and Structure of Banks
Obtaining a Mortgage and an Auto Loan
Public Market Financing
Private Investment Companies and Syndicates
Private or Second Mortgages
Sub-Prime Mortgage Lending
Brief History of the U.S. Federal Reserve Bank
Structure of the Federal Reserve System
Role of the FOMC and How Fed Funds Rates are Established
The U.S. Dollar and the Lender of Last Resort (LOLR)
International Trade, Comparative Advantage and Exchange Rates
Currency Exchange Rates
Balance of Payments
Balance of Payments Deficit and Surplus
The International Financial System
Monetary Policy and Globalization
Sample DSST Test Questions
Test Taking Strategies
What Your Score Means
Testimonials for Pass Your Class - Money and Banking DSST Study Guide
I bought the digital version of your Money and Banking study guide and loved it! - Matthew W.
I took this about four weeks ago and passed with a 63. - Jack B.
Passed this today with a 52/48 enough for a B at Excelsior. Can't believe I passed to be honest. Total time spent studying was probably around 20-25 hours over 10 days. It looks like whatever you make on your passyourclass practice test will closely reflect what score you make on the actual DSST. I scored 53% on mine and got a score of 52. - Sam R.
Passed with a 64... -Rachel S.
I have bought several CLEP/DSST guides from you. Your product is great, as I have passed several tests including Money and Banking, Educational Psychology, American Literature, Principles of Statistics. -Todd
I was able to get a 54 and pass!
I felt like my overall understanding of the money system from the passyourclass study guide was a huge help and reading on the fed as well. - Manuel B.
Passed this exam today with a 64. I studied hard for about three weeks. - Kasey L.
I'm so happy to be done with this one! I passed earlier today with a 70 after spending the last couple of weeks feeling a bit overwhelmed with all the info to learn. It really helps to have a solid macroeconomic base of knowledge for this test. - Keith K.