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Understanding
the Financial System,
Money, and Banking
Introduction Learning Objectives
The Financial System After studying this chapter, you should be able to
Components of the Financial System
1 Define the components of financial
Structure of Financial Systems
systems and understand the benefits
Financial Systems and the Economy of financial intermediation.
Money and Banking 2 Contrast different kinds of financial
What Is Money? systems around the world and state
Central Banks and Monetary Policy how regulation can protect the safety
and soundness of financial systems.
Monetary Policy Framework
3 Understand how the health of the
Financial Institutions
financial system affects the productiv-
Depository Institutions ity of the economy, including the roles
Nondepository Institutions of the IMF and the World Bank.
Managing a Financial Institution
4 Overview the history of money and
Careers in the Financial System why money matters to the economy.
5 Explain what central banks do to con-
trol money and achieve economic
goals.
6 Compare the different types of finan-
cial institutions as well as their roles
in the economy.
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