Write a two page paper, do not cut or paste from anywhere. Instead be sure to use all your own words. Write about the role of the Federal Reserve as the central bank in the US. Be sure to discuss its role in regulation, creating money supply, excess reserves, etc. Be sure to mention the studies and publications used or produced by the Federal Reserve. Watch a summary of recent Fed testimonies before congress. Mention in your paper how the Fed views the economy. Mention economic growth, inflation, strength of the banking system.
All applicants go through a series of tests that check their level of English and knowledge of formatting styles. The applicant is also required to present a sample of writing to the Evaluation Department. If you wish to find out more about the procedure, check out the whole process.