Center for Financial Training | Evaluated Learning Experience
Principles of Banking BNK201
50.2 hours (11 weeks).
April 2024 - Present.
Upon successful completion of this course, students will be able to: recall the role that banking plays in the economy; comprehend the structure of the banking industry; discuss other financial institutions and the role they play in relation to banking; describe how the national currency was created; discuss modern banking; analyze the structure of the Federal Reserve System; describe monetary and fiscal policy; apply knowledge of the Federal Reserve’s role in consumer protection and international banking; list ways that the Federal Reserve participates in international banking; describe the two types of money and how money circulates in the U.S.; 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; define the term negotiable instrument and identify the process for accepting negotiable instruments; describe and define components of consumer lending, mortgage lending and commercial lending, including consumer protection laws and the credit approval process; explain how ethics applies to financial institutions; identify types of fraud that are committed against banks; and analyze the marketing function in modern banking.
Instruction is facilitated by an instructor who guides students through each lesson and is available to answer questions and provide feedback on assignments. Each week, students receive an assignment over the Internet that includes reading assigned chapter(s) from the e-book. Students complete a short assignment that is forwarded electronically to instructors or posted to the electronic class discussion board while also taking a self-check test. Additionally, students collaborate with other students on various assignments using electronic discussion boards, chat rooms, and e-mail. The 11-week course requires a mid-term examination and final examination which are delivered electronically. Overall grades for the class are based on student performance on the weekly assignments, mid-term, and final examination. Major topics include development of the U.S. Banking System; the Federal Reserve System; Money and Interest; Deposit Accounts; Consumer Loans; Mortgages; Commercial Lending; Specialized Banking; Security, Fraud, and Ethics.
In the upper division baccalaureate degree category, 3 semester hours in Business, Accounting, Finance, or Economic (4/24).
