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Introduction to Banking
Learn the most important modern banking practices and procedures, and understand how large banks operate globally.
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.
Start Course NowModules
Module 1: Introduction to Banking
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Introduction to Banking
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A bank's income statement
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Fractional Reserve Banking
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Multiplier effect and the money supply
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Introduction to Bank Notes
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Bank Notes and Checks (Cheques)
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Giving out loans without giving out gold
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Reserve Ratios
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More on Reserve Ratios
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Introduction to leverage
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A reserve bank
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Treasuries
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Open Market Operations
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Fed Funds Rate
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More on the Fed Funds Rate
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Why target rates vs. money supply
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What happened to the gold?
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Big Picture Discussion
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The Discount Rate
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Repurchase Agreements
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Federal Reserve Balance Sheet
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Fractional Reserve Banking - Introduction
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Fractional Reserve Banking - Deposit Insurance
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Fractional Reserve Banking - Big Picture
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LIBOR
Module 2: Introduction to Banking Assessment
Learning Outcomes
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;
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 an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate 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 Certificates 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 Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, 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 Certificate pricing, please visit our Pricing Page.
