Money and Banking

Catalog description

Students will learn about the role of money in the payments system and as a store of wealth, how financial instruments are used to transfer resources from savers to borrowers and to transfer risk, how these financial instruments are traded in financial markets, how interest rates are determined in the bond market, the key services provided by banks and other depository institutions, government regulation of the financial system, and the role of central banks, such as the U.S. Federal Reserve system, in monitoring and stabilizing the economy.