After studying this chapter, students should be able to:
- Identify the functions and characteristics of money.
- Summarize how the Federal Reserve System regulates the money supply.
- Describe the differences between commercial banks and other financial institutions in the banking industry.
- Identify the services provided by financial institutions.
- Understand how financial institutions are changing to meet the needs of domestic
and international customers.
- Explain the function of the Federal Deposit Insurance Corporation, Savings
Association Insurance Fund, Bank Insurance Fund, and National Credit Union
Association.
- Discuss the importance of credit and credit management.
