Macroeconomic indicators, monetary policy, and quantitative investment concepts tested on the Series 65 and 66 exams.
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- What does GDP measure?
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The total monetary value of all final goods and services produced within a country in a specific period.- What is the Consumer Price Index (CPI)?
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A measure of the average change in prices paid by consumers for a basket of goods and services over time.- What is the Producer Price Index (PPI)?
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A measure of the average change in prices received by domestic producers for their output.- How is the unemployment rate calculated?
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The number of unemployed persons divided by the total labor force, expressed as a percentage.- What does the labor force participation rate measure?
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The percentage of the working-age population that is either employed or actively seeking employment.- What are initial jobless claims?
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A weekly measure of the number of workers filing for unemployment insurance for the first time.- What does the retail sales report measure?
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The total receipts from retail merchandise sales, a key indicator of consumer spending.- What is the Industrial Production Index?
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A measure of real output of all industrial facilities in the economy, including manufacturing and mining.- What are leading economic indicators (LEI)?
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Economic measures that typically change before the overall economy changes, used to predict economic downturns or expansions.- What are lagging economic indicators?
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Economic measures that change after the economy has already begun to follow a particular pattern or trend.- What are coincident economic indicators?
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Economic measures that change at approximately the same time as the overall economy, moving in sync with current economic conditions.- What does the ISM Manufacturing Index measure?
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A survey-based indicator of business activity in the manufacturing sector, ranging from 0 to 100.- What is the Federal Funds Rate?
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The interest rate at which commercial banks lend reserve balances to each other overnight, targeted by the Federal Reserve.- What is the discount rate in monetary policy?
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The interest rate charged by the Federal Reserve when it lends directly to commercial banks through the discount window.- What is the reserve requirement ratio?
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The percentage of deposit liabilities that banks must hold in reserve and not lend out.
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