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Introduction to Banking - Revised

Finances and Banking
Free Course
This free banking course will give you a strong overview of basic banking practices and how international banking works. These days, several modern banks operate globally and hold offices in key financial centres from New York to Hong Kong. These institutions have the power to influence economies around the world, as seen during the recent financial crisis. Understanding how this power operates is very useful information in the modern day.
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  • Duration

    5-6 Hours
  • Assessment

    Yes
  • Certification

    Yes
  • Responsive

    Yes
  • Publisher

    Khan Academy

Description

Outcome

Certification

View course modules

Description

This free banking course will first give you an overview of a bank's income statement and discuss what fractional reserve banking is. You will then learn about the multiplier effect, money supply, bank notes, and cheques. Banknotes are the negotiable promissory notes that a bank can issue, and their importance will be made clear in the course. Next, the course will guide you through the important topics of loans and reserve ratios.

Many people have heard of leverage and treasuries but do not fully understand these important financial concepts. This course will give you a strong understanding of these topics so you can better understand the banking system as a whole. You will then learn about reserve bank, open market operations, fed funds rate, discount rate, and the federal reserve balance sheet. Finally, you will given an important overview of federal reserve banking, deposit insurance, and London Interbank Offer Rate (LIBOR).

This Introduction to Banking course from Alison will prove useful to any aspiring business and finance professionals, as well as anyone who would like to learn more about banking and how the global financial system operates. With this knowledge, you can begin an exciting career in banking, or simply become a better informed and more knowledgeable citizen. So, start this course now and expand your knowledge in the modern banking world today.

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Learning Outcomes

Have completed this course you will be able to:


  • Discuss fractional reserve banking.
  • Discuss fundamentally how a bank and banking system works.
  • Explain fundamental banking terms such as reserve ratio, liquidity, leverage, equity, etc.
  • Recognise how Fractional Reserve banking works. Review treasuries release by the US government.
  • Explain the difference between a repurchase agreement and loan collateral.
  • Explain what LIBOR is and how the banks make use of it.

Certification

All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire official Certification, which is a great way to share your achievement with the world. Your Alison Certification is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certification for completed Certificate courses:

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping

All Certification is available to purchase through the Alison Shop. For more information on purchasing Alison Certification, please visit our faqs. If you decide not to purchase your Alison Certification, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certification pricing, please visit our Pricing Page.

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