1. What are the three main characteristics and uses of money.

2. Compare the National Banking Acts of 1863 with the chartering of the First and Second Banks of the United States. Specifically, address the motivations behind each and the impact that each had on 19th-century banking in the United States.

3. What are the trade-offs that investors consider when making investments? Explain what each of these aspects mean. Give one example of these trade-offs.

4. In one to two sentences, explain why borrowing costs would be higher with indirect financing versus direct financing.