1. What is a balance sheet and what are the major types of bank assets and liabilities?
2. What do banks do and what are their main functions?
3. What are the major problems facing bank managers and why is bank management closely regulated?
4. What is credit risk and how do bankers manage it?
5. Why did the Great Inflation spur financial innovation?
6. What are loophole mining and lobbying, and why are they important?
7. How did the government intensify the Great Depression?
8. What are financial panics and what causes them?
9. What is a bailout and how does it differ from the actions of a lender of last resort?
10. What is a lender of last resort and what does it do?