Banks and the Deposit Function
Course Number: ABA
Course Code: ABA
Guides you through a primary function of banks – the deposit function. Learn the various deposit account types and deposit-related services. Understand the processes for servicing consumer and business deposit accounts. Identify key regulations that govern deposit products and services.
Duration: Approximately 10 minutes
Created: November 2017
What You’ll Learn
After successfully completing the course, you will be able to:
-Explain how the Federal Reserve determines and applies monetary policy in the economy
-Describe the types of account ownership
-List the requirements for opening deposit accounts
-Understand electronic banking for consumers and businesses
-Describe federal deposit insurance coverage
Audience: For Onboarding. Anyone who needs an introduction to banking, whether just starting a career in the industry or a more experienced professional from a different industry, including specialists in non-banking functions such as marketing, information systems, and human resources.