1. Describe the functions and responsibilities of the Federal Reserve Bank, and its assets, and its tools. Discuss also the role of the Fed in addressing the world financial crisis in 2008
2. Difference between investment grade and below investment grade bonds.
3. Chutes ? & Co. has interest expense of $1.49 million and an operating margin 10.4% on total sales of $29.6 million. What is Chute's interest coverage ratio?