FIN 130 Principles of Bank Operations (3)
Credit, Degree Applicable
Fundamentals of bank functions; operations involving day-to-day banking activities: various bank services such as deposits, loans, trust, and international; legal aspects of banking; the Federal Reserve System and related regulatory controls.
Offered Fall semesters
After successful completion of this course, students will be able to:
- Outcome 1: Describe the evolution of the U.S. banking system.
- Outcome 2: Describe how the Federal Reserve affects monetary policy and the metrics it uses to quantify money supply.
- Outcome 3: List deposit and loan products/services and describe the relevant laws/regulations pertaining to those products and services.
- Outcome 4: Outline the various payment systems/instruments and describe the increasing role of electronic banking.
- Outcome 5: Explain the financial statements banks use and describe asset/liability management and bank performance metrics.