Course Category

Money & Banking - Online

Designed for commercial bankers, financial analysts and others who wish to have a basic understanding of money and banking. This curriculum provides an overview of the fundamental principles that form the foundation of the money and banking systems around the world. The course covers monetary bases, the main instruments of monetary policy and theory, and concludes with a discussion of the theory and implementation of monetary policies.

Please note that this is a curriculum of individual course modules. You will need to pass each module exam in order to qualify for a certificate of completion.

This is an asynchronous eLearning program that can be accessed 24/7 from any internet enabled computer.

• Recognize the functions and properties of money
• Distinguish between monetary and non-monetary economic systems
• List the benefits and drawbacks of the gold standard
• Describe the role of liquidity in defining money
• Deconstruct money supply aggregates
• Explain how the size of the money supply effects economic performance
• Identify key elements of the fractional reserve system
• Recognize the Fed's role in handling transactions
• Indicate the relationship between the money supply and the monetary base
• Associate the Fed's history and structure with US economic and political history
• Relate the Fed's structure to its functions
• Define the roles that the Fed plays in the US economy
• Recall the main purpose of monetary policy and the factors that affect it
• tify three market-based indicators of Monetary Policy
• Identify the effects Open Market Operations have on the Quantity of Money and the Supply of Credit
• Identify the Discount Window and its importance to lenders
• Identify the effect that reserve requirements have on the quantity of money, as well as the demand to borrow it
• Identify other methods of influencing the markets used by the Fed
• Name the two primary aspects of international banking
• Identify the factors behind the rise of international banking in the latter half of the 20th Century
• Relate the money creation process to international banking
• Identify the changing roles and goals of central banks over the last 30 years
• Identify the targets and instruments used by central banks and the effects these targets and instruments have had on monetary policy
• Recognize descriptions of the Bank of England in terms of its historical development, the role of the Monetary Policy Committee, and how it determines and uses interest rates.
• Identify descriptions of the European Central Bank in terms of its function, its relation to the Eurozone, and how it determines and uses interest rates.