- Course type: Self-paced
- Available Lessons: 132
- Average Lesson Length: 8 min
Eligible for Certificate:
Certificates show that you have completed the course. They do not provide credit.
Watch a preview:chapter 1 / lesson 1What is Money? - Definition and Types
This course can be found in: DSST Test Prep
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Course SummaryYou can refer to this study guide if you are looking to enhance your knowledge of financial institutions, monetary policies and monetary systems. This course is an essential study tool if you are preparing to take the DSST Money and Banking exam.
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About This Course
When you use this study guide, you can be fully prepared to take the DSST Money and Banking exam in as little as two weeks. Easy accessibility 24/7 allows you create a convenient study schedule, and you can go over the lessons as often as needed to ensure your full understanding of each concept. This course offers one of the quickest and simplest ways you can earn three transferable college credits.
You will find video and text lessons focusing on such topics as the role and history of money, financial institution regulations, commercial banking, the Federal Reserve System, and types and management of financial markets. Other lessons address U.S. fiscal and monetary policies as well as international monetary institutions and systems. You can also review concepts in macroeconomics, inflation and unemployment. Expert instructors make it easy to learn and retain this information.
Check out our DSST test prep materials! We've got DSST courses to teach you the material, comprehensive DSST study guides to help you study, DSST practice tests to test your knowledge, and informational DSST resources to get you up to speed on testing logistics.
Syllabus & Course Information
You should be able to master the following objectives once you have successfully reviewed this course. You can make sure you understand all of the material and be fully prepared for the DSST Money and Banking exam by completing the course's final exam.
- Recognize the role of money, including alternative definitions of money and money and other assets
- Understand the history of money and banking in the U.S.
- Analyze the history and role of financial institutions and uses of regulatory policies, particularly during economic crises
- Differentiate among different types of banks and financial intermediaries
- Recognize the operation and management of financial markets
- Understand how the central banking and federal reserve system works, its historical and philosophical frameworks, structure and organization and current monetary management
- Identify basic classical and Keynesian economics, monetarism and rational expectations and how this relates to the business cycle
- Apply concepts relating to inflation and money, including how inflation impacts wages, unemployment and the economy at large
- Recognize what is monetary policy in the U.S., how effective it is, how monetary policy is conducted and how it differs from fiscal policy
- Differentiate between fiscal policy and monetary policy, and understand how and why fiscal policy is applied in various circumstances
- Apply concepts relating to the international monetary system including international banking, international payments and exchange rates, and monetary policy in conjunction with exchange rates
- Recognize various international monetary institutions and debt crises
There are no prerequisites for this exam.
In this course, you will find 12 individual chapters offering a total of 109 lessons, which are presented in text and video formats. Lesson quizzes help you determine how much you have learned as you move from one topic to the next, while chapter exams test your knowledge of each major concept discussed in the guide. Use the final exam to measure your full understanding of all topics and determine your readiness in taking the DSST Money and Banking exam.
DSST Money and Banking Exam Information
This exam addresses many of the topics you would study in a bachelor's-level financial course addressing money and banking topics. You might apply the credits earned with this exam toward a degree in finance or economics at schools that accept DSST transfer credits.
- Number of Questions: 100 questions
- Question Type: Multiple choice
- Time Limit: 2 hours
- Number of Credits: 3 credits
- Exam Cost: $80
DSST Money and Banking Exam Breakdown
|DSST Exam Concept||Percent of the DSST Exam||Approximate Number of Questions||Chapter Lessons|
|The Role and Kinds of Money||5%||5 questions||15|
|Commercial Banks and Other Financial Intermediaries||28%||28 questions||28|
|Money and Macroeconomic Activity||19%||19 questions||20|
|Central Banking and the Federal Reserve System||18%||18 questions||10|
|Monetary Policy in the United States||20%||20 questions||18|
|The International Monetary System||10%||10 questions||18|
Earn College Credit
Once you have successfully taken the DSST Money and Banking exam, you will have earned three transferable college credits toward your degree at any institution that accepts DSST credits. You can save both time and money on tuition costs by earning credits in this manner. This study guide is a valuable tool you can use to ensure that you're fully prepared to take this exam.
Study Schedule for the DSST Money and Banking Exam
This course consists of approximately 14.5 hours of instruction. Study is self-paced and you can even print lesson transcripts for handy reference. Use the time table below to determine how much study time you will need to fully prepare for this exam.
|Study Frequency||When You'll Be Ready for the Exam|
|3 hours a day; 3 days a week||About 1.5 weeks|
|2 hours a day; 3 days a week||About 2.5 weeks|
|1 hour a day; 3 days a week||About 5 weeks|
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