PDF-Key Concepts in Money and Banking Demystifying Financial Institutions

Dive into the world of money and banking with this comprehensive guide Learn about fundamental concepts common questions and how money shapes the economy. Materials Needed. Story 9-1 “Banking Services”. You will….. Review your own needs for banking . sevices. Research local financial institutions to find the services available that could meet your needs. Understanding Money, Banking, and Credit . 18 | . 1. Learning Objectives. Identify the functions and characteristics . of money. Summarize how the Federal Reserve System regulates the money supply in order to maintain a healthy economy. McGraw-Hill/Irwin. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Money is anything that is generally acceptable in exchange for goods, services, economic resources, or for the settlement of debts. Presented by . Day 2. Introductions. Rachel Martini – . Customer . Relations Specialist. Lindsey Bamba . – . Westside . Branch Manager. Review of Yesterday’s Lesson. Types of depository institutions. Opportunities . Bill Kiwia. Head Banking and Financial Services . Institute of Finance Management. Director Islamic Finance Propagation. Centre for Islamic Finance and Compliance. Introduction: Concept and Principles. 1791: The First Bank of the US was established to hold the government’s $$, help the government to tax, regulate commerce, and issue a single currency. 1861: The Second Bank of the US was established to restore stability and order to the monetary system.. Functions of Money . Medium of exchange. Used to buy and sell goods. Unit of account. Goods valued in dollars. Store of value. Hold some wealth in money form. Money is liquid. LO1. Money Definition . Chapter . 20. The Money Supply . and Banking . Systems. Copyright © 2017, . 2015, 2013 Pearson . Education, Inc. All Rights . Reserved. Learning Objectives . (1 of 2). 20.1 . List the four financial functions of money, and define two key measures of the money supply.. The Bank Secrecy Act. The USA Patriot Act. Office of Foreign Asset Control, OFAC. Federal Anti-Money Laundering statutes. Conflict. Created by the inherent juxtaposition of State legal Marijuana and a Schedule 1 controlled substance. . Institutions. Private. . Financial Institution. Dollars and Sense: . http://www.youtube.com/watch?v=mV6YaTbNvvE. $7.50 Once a Week: . http://www.youtube.com/watch?v=GawH48QNDfc. Where the Money Goes: . OF BANKING. 1.1. Introduction to Banking. 1.2 . Role of Banks in the Economy. 1.3 . How the Banking System Works. 1.4 . Other Financial Institutions. 1. Slide. . 2. Lesson 1.1. INTRODUCTION. TO BANKING. LESSON 1 REVIEW QUESTIONS. 1. . WHAT IS THE MAIN THING INVESTMENT BANKS DO?. 2. . WHAT ARE THE 7 MAJOR FUNCTIONS OF INVESTMENT BANKS?. 3. WHAT ARE THE 3 AREAS OF EMPLOYMENT – JOB FUNCTIONS?. LESSON 1 INTRODUCTION REVIEW (. Checking, Savings, and Other Services. Credit Unions and Banks. For-profit companies owned by shareholders. Not-for-profit institutions owned and controlled by their own customers, who are known as members. Prepared . by. Dr. Ranjit Basumatary. HOD &Assistant Professor. Department of Economics. Bengtol College. A financial system is a complex, well-integrated set of sub-systems of financial institutions, markets, instruments and services which...