Course Summary
Credit Type:
ACE Course Number:
11 weeks (58.85 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Introduction to Banking


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:

  • Upon completion of the course, the student will be able to 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
  • And 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 Course 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:

Supplemental Materials

Other offerings from Center for Financial Training Atlantic & Central States, Inc.