Course Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: CFTA-0013 Version: 6 Organization: Center for Financial Training Location: Classroom-based Length: 11 weeks (58.85 hours) Minimum Passing Score: 70 ACE Credit Recommendation Period: 6/1/2021 - 5/31/2024 10/1/2017 - 5/31/2021 9/1/2014 - 9/30/2017 10/1/2011 - 8/31/2014 1/1/2004 - 9/30/2011 1/1/1987 - 12/31/2003 1/1/1977 - 12/31/1986 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Lower-Division Baccalaureate 3 Introduction to Banking Description Section 3 Content Section 3 Content Left Section 3 Content Right 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 Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Audio Visual Materials Computer Based Training Discussion Lectures Methods of Assessment: Examinations Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Equivalencies Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Page Content