FIN 101 - Principles of Banking

Credits: 3
Lecture Hours: 3
Lab Hours: 0
Practicum Hours: 0
Work Experience: 0
Course Type: Open

This course surveys banking functions. It provides a comprehensive introduction to the diversified services offered by the banking industry today.
Competencies

Demonstrate the effect of full service commercial banking on the economy, the community, businesses, and individuals
Explain the relationship between the deposit function, the credit function, and the payments function
Evaluate the history of banking to judge the future of banking based on where it is today
Identify the basic banking terms
Describe the services that banks offer to governments, businesses, individuals, and correspondents
Explain the different types of accounts
Demonstrate how deposits are made, examined, sorted, proved and processed
Identify the bank’s legal relationship with various types of depositors
Explain check processing and collection
Recognize the difference between paying and cashing a check
Identify the various types of bank loans and investments
Relate bank regulations to the operations of a bank