Introduction to Banking - Revised
CertificationView course modules
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.
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.
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:
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An indication of your commitment to continuously learn, upskill and achieve high results
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