What This Document Is
This is a study guide designed to help students prepare for the second quiz in Baruch College CUNY’s Business Fundamentals (BUS 2000) course. It covers key concepts related to money, the Federal Reserve, financial institutions, financial markets, and accounting. It’s a focused review of the material likely to be assessed on the quiz.
Why This Document Matters
This study guide is essential for students enrolled in BUS 2000 who want to efficiently review the material covered before the second quiz. It’s most useful when used *in conjunction with* class notes, readings, and other course materials. It exists to help students identify areas where they need further study and to test their understanding of core business fundamentals.
Common Limitations or Challenges
This study guide is a *review* tool, not a substitute for attending class or completing assigned readings. It provides a framework for studying but does not offer in-depth explanations or detailed examples. It won’t teach you the material if you haven’t already engaged with it.
What This Document Provides
This study guide includes:
* Key characteristics defining “good” money.
* An overview of the Federal Reserve’s structure, responsibilities, and key personnel (including current and past chairs).
* Definitions of M1 and M2 money supply measurements.
* A breakdown of depository vs. non-depository financial institutions.
* A list of institutions that regulate financial markets (Federal Reserve Board, FDIC, SEC, NCUA).
* Details on the functions of the US Treasury and its current head.
* An explanation of securities markets, including the importance of stocks and bonds.
* Characteristics of common and preferred stock.
* Information on major market indices (Dow Jones, S&P 500, NASDAQ).
* An overview of mutual funds and exchange-traded funds (ETFs), including load types and management fees.
* A list of the “Big Four” accounting firms and their primary job functions.
This preview does *not* include detailed explanations of each concept, practice questions, or solutions to potential quiz questions. It is a roadmap, not the territory itself.