Course Level 1: Introductory
Estimated Study Time: 5-6 hours
Most large banks are now global in nature, with offices in all key financial centers, from New York to London to Hong Kong, and have the power to influence the economies of countries around the world no matter how large, as seen during the recent financial crisis. This course reviews the banking system, basic banking practices, and explains – at an introductory level – how international banking works as well as examining topics such as fractional reserve banking, reserve ratios, treasuries, leveraging, the Fed funds rates, and the London Interbank Offer Rate (LIBOR).
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