Introduction to Banking - Revised
Learn more about basic banking practices and how they influence economies around the world, with this banking course.
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There's a lot more to a bank than just depositing and withdrawing money. This course will give you an overview of how the banking system operates and introduce you to what a bank's income statement actually contains. You will also cover common terms used in banking such as multiplier effect, money supply, bank notes, and cheques, and learn their definitions and importance. You will then be guided through the important topics of loans and reserve ratios.
Leverage and treasuries are common banking terms that we often hear but do not fully understand. This course will give you a deeper understanding of these topics. You will study reserve banking, open market operations, fed funds rate, discount rate, and the federal reserve balance sheet. You will then be given an overview of federal reserve banking, deposit insurance, and the London Interbank Offer Rate (LIBOR) to help you understand their significance in the banking system.
The banking system plays an important role in the economic sector of every country in the world. It facilitates the flow of funds in the economy and ensures that financial resources are allocated efficiently towards promoting the development and growth of a nation. Whether we like it or not, banks are embedded in our everyday lives with activities like withdrawing salaries, paying bills, and depositing money as savings. By the end of this course, you will have a much better understanding of how this crucial element of modern life operates.
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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