econ question

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Economics

Description

Financial markets are global in scope and impact the economies of individuals and countries world wide. The U.S. financial market is one of the most prominent at this point in time in history. Your assignment should be to assess the following:

1. How large is the U.S. Banking system and how does it drive the economy, impact consumers and businesses

2. How large are the U.S. equity and bond markets and their reach into the global economy

3. How do banks play a role in the local economy (Chicago and its communities)

You should be prepared to discuss these elements as a group in a presentation format on the 30th of October during class. Make sure you make at least three main points and use powerpoint or other visuals to demonstrate or highlight your discussion points. You can use any course resources, book chapters and other sources you feel are relevant to your disussion.

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Explanation & Answer

Attached.

1

Running Head: THE U.S FINANCIAL MARKET

The U.S Financial Market
Student’s Name
Institution

2

THE U.S FINANCIAL MARKET
The U.S Financial Market
1. How large is the U.S. Banking system and how does it drive the economy, impact
consumers and businesses
The USA depository system is large with types of banks, which include savings banks,
credit unions, Commercials banks, Savings and loans banks, Mutual banks, Central banks,
Online banks, and Investment banks (Mnuchin and Philips, 2016). According to Buckley and
Majumdar (2016), the high interest rates that were there in the past gave the economy of U.S a
setback. Ho...


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