Assignment: 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: https://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?