Assess the structural characteristics of the American financial system

1. Assess the structural characteristics of the American financial system, including both institutions and markets, that lead to its efficiency and effectiveness. 

2. Describe and evaluate the functions of financial markets. Provide an example of the functions of the Bond Market, the Stock Market, or the Mortgage market. 

3. Discuss the role of central banks, such as the Federal Reserve in the United States, to provide economic growth and stability. 

4. Differentiate between the roles of various financial institutions within the financial system. Provide a detailed example of one financial institution. 

5. Describe and the regulatory system in the United States and evaluate its impact of regulations on financial institutions and markets.