Macroeconomic indicators, monetary policy, and quantitative investment concepts tested on the Series 65 and 66 exams.
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- What does GDP measure?
- 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)?
- 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)?
- A measure of the average change in prices received by domestic producers for their output.
- How is the unemployment rate calculated?
- The number of unemployed persons divided by the total labor force, expressed as a percentage.
- What does the labor force participation rate measure?
- The percentage of the working-age population that is either employed or actively seeking employment.
- What are initial jobless claims?
- A weekly measure of the number of workers filing for unemployment insurance for the first time.
- What does the retail sales report measure?
- The total receipts from retail merchandise sales, a key indicator of consumer spending.
- What is the Industrial Production Index?
- A measure of real output of all industrial facilities in the economy, including manufacturing and mining.
- What are leading economic indicators (LEI)?
- Economic measures that typically change before the overall economy changes, used to predict economic downturns or expansions.
- What are lagging economic indicators?
- Economic measures that change after the economy has already begun to follow a particular pattern or trend.
- What are coincident economic indicators?
- 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?
- A survey-based indicator of business activity in the manufacturing sector, ranging from 0 to 100.
- What is the Federal Funds Rate?
- 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?
- 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?
- The percentage of deposit liabilities that banks must hold in reserve and not lend out.
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