What is fiscal policy? What is debt management policy? Explain how fiscal and debt management policy might be used to help fight inflation and unemployment. What causes a budget deficit and a budget surplus?

Describe the possible impacts of government borrowing upon the financial system and the economy.

What are the principal sources of revenue for state and local governments today? Where do they spend the bulk of their incoming funds?

Which type of bond is the best to own and what type of provision is the most important to have from the following list? Call privilege, subordinated debenture, income bond, sinking fund, mortgage bond, industrial development bond (IDB), debenture, and Equipment Trust Certificate.