Course

Credit Type:

Course

ACE ID:

CUNA-0018

Version:

Organization's ID:

1100

Organization:

Location:

Classroom-based

Length:

15 self-paced lessons

ACE Credit Recommendation Period:

Credit Recommendation & Competencies

Level	Credits (SH)	Subject
Lower-Division Baccalaureate	3	Economics, Banking, or Finance

Description

Objective:

To provide students with an understanding about the structure of financial institutions and their role in the financial and economic fields.

Identify the characteristics and functions of money
Describe the various agencies that charter, regulate, and insure the different financial institutions
Describe the structure and functions of the Federal Reserve System
Name and describe the Federal Reserve's five major tools for regulating the money supply and affecting the economy
Explain the various definitions of the money supply
Identify and distinguish the characteristics and functions of commercial banks and nonbank financial institutions, especially credit unions
Explain the creation of money and the impact of the reserve requirement on that
List and explain the provisions of major financial legislation, especially their effects on credit unions

Instruction & Assessment

Supplemental Materials

Equivalencies