Course

Course Summary
Credit Type:
Course
ACE ID:
CFTA-0013
Location:
Classroom-based
Length:
11 weeks (58.85 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Introduction to Banking
Description

Objective:

The course objective is to teach students the importance of money and interest, negotiable instruments, mortgages, commercial lending, and the role of banking in today's economy.

Learning Outcomes:

  • Understand the role that banking plays in the economy
  • Discuss modern banking
  • Understand the structure of the Federal Reserve System
  • Understand the Fed's role in consumer protection and international banking
  • List ways that the Fed participates in international banking
  • Describe the two types of money and how money circulates in the US
  • List factors that affect interest rates
  • Define transaction accounts and identify major types of checking accounts, time deposits, and savings accounts
  • Explain how interest is calculated, including compounded interest
  • Describe and define components of consumer lending, mortgage lending and commercial lending, including consumer protection laws and the credit approval process
  • Identify types of fraud that are committed against banks
  • Understand the marketing function in modern banking.
  • Understand the structure of the banking industry
  • Discuss other financial institutions and the role that they play in relation to banking
  • Describe how the national currency was created
  • Describe monetary and fiscal policy
  • Define the term negotiable instrument and identify the process for accepting negotiable instruments
  • Explain how ethics applies to financial institutions

General Topics:

  • The business of banking
  • Development of the U.S. banking system
  • The Federal Reserve System
  • Money and interest
  • Deposits in banks
  • Negotiable instruments
  • Bank loans
  • Mortgages
  • Commercial lending
  • Specialized bank services
  • Security, fraud, and ethics
  • Bank marketing
  • Employment opportunities
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training
  • Discussion
  • Lectures

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials

Other offerings from Center for Financial Training

(CFTA-0005)
(CFTA-0018)
(CFTA-0006)
(CFTA-0007)
(CFTA-0008)
(CFTA-0022)
(CFTA-0009)