I took the test today. Overall, I feel confident that I passed this one. Seems strange, but I feel better on this one than I did the Org Behavior DSST. Maybe because I have done Micro, Macro, Acct, Finance, and several other upper division Economics classes at my B & M school, I feel that I knew the concepts well enough hopefully to wing this one.

As far as feedback goes, I can't stress that you should know every single aspect of the FED. I know that is not great feedback but this test should be renamed from Money and Banking to the Federal Reserve System Test. It is such a broad test over the FED it is hard to narrow it down.

Heres a few things to know..

Who appoints the FED members and how long for
What is Q regulation and when does it have the biggest impact
Float
Mulitpliers
Keynesian Economics
What the IMF and World Bank were established for...
Foreign exchange rates

I didnt have any questions that required math (Thank God)

Thats about it...Also, if anyone is interested, I have the DSST test copied and pasted in a Word File. My loss is your gain.