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Introduction to Banking

  • Description
  • Outcome
  • Certification
  • Most large banks are now global in nature, with offices in all key financial centres, from New York to London to Hong Kong, and have the power to influence the economies of countries around the world no matter how large, as seen during the recent financial crisis. This course reviews the banking system, basic banking practices, and explains - at an introductory level - how international banking works as well as examining topics such as fractional reserve banking, reserve ratios, treasuries, leveraging, the Fed funds rates, and the London Interbank Offer Rate (LIBOR).

    Alison’s free course - Introduction to Banking - will prove useful to business and finance professionals, as well as anyone who would like to learn more about banking and how the global financial system operates.

  • Learning outcomes:
    - Understand the banking system and how it operates;
    - Examine fractional reserve banking;
    - Review treasuries release by the US government;
    - What LIBOR is and how banks make use of it;

  • All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to share your success. Plus it’s:

    • Ideal for including in CVs, job applications and portfolios
    • An indication of your ability to learn and achieve high results
    • An incentive to continue to empower yourself through learning
    • A tangible way of supporting the Alison mission to empower people everywhere through education.

Introduction to Banking
  • Free

  • 5-6 Hours

  • Khan Academy

  • Assessment

  • Certification

  • 50 Pts

Modules List( 2 )
  • Module
    Introduction to Banking
    • In this module learn about modern banking practices and procedures.
    • Introduction to Banking
    • A bank's income statement
    • Fractional Reserve Banking
    • Multiplier effect and the money supply
    • Introduction to Bank Notes
    • Bank Notes and Checks (Cheques)
    • Giving out loans without giving out gold
    • Reserve Ratios
    • More on Reserve Ratios
    • Introduction to leverage
    • A reserve bank
    • Treasuries
    • Open Market Operations
    • Fed Funds Rate
    • More on the Fed Funds Rate
    • Why target rates vs. money supply
    • What happened to the gold?
    • Big Picture Discussion
    • The Discount Rate
    • Repurchase Agreements
    • Federal Reserve Balance Sheet
    • Fractional Reserve Banking - Introduction
    • Fractional Reserve Banking - Deposit Insurance
    • Fractional Reserve Banking - Big Picture
    • LIBOR
  • Module
    Introduction to Banking Assessment
    • You must score 80% or more to pass this assessment.
    • Introduction to Banking Assessment
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