1. What Pro's and Con's do you envision coming from one Global Central Bank (list and discuss)? Given your reasoning why should not there be one Global Central Bank?

2. How is money supply growth affected by a decrease in the reserve requirement ratio? Assume that the reserve requirements ratio is 4%. How much the money supply will increase after the injection of $120 million?

3. Do you think that large financial institutions should have been rescued by the Fed during the Sub-Prime crisis?