11. How much does the US borrow each year, both in $ millions and as a percentage of the GDP? 12. What interest rate do the US, Germany and Japan pay when the borrow money? 13. What is the role of the SEC? And the role of the Department of the Treasury? Who is the person in charge of each one? 14. What is the FED? What are the main roles (mandates) of the FED? Who is in charge? 15. What is the federal funds rate? How does it affect the interest rates you pay for a car loan or for a mortgage? k it currently high or low for historical standards? 16. What is the LIBOR? How does it affect the interest rates you pay for a loan? Is it high or low for historical standards? 0744