11. What is one benefit and one cost to a commercial bank of holding excess reserves?
12. How does the Fed make money and why does it matter that it is self-funding?
13. Explain three ways the Dodd-Frank Act attempts to prevent a future financial crisis.
14. How did the creation of interest-bearing certificates of deposit (CDs) change liability management for commercial banks?
15. Give one reason why a company might choose to raise capital via the debt market and one reason why they might choose the equity markets.
