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BFN 121 Elements of Banking 2

ND1 levelManagement & Administration15 topics

BFN 121 covers 15 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. Central Bank: definition, structure and functions
  2. Origin and concept of money
  3. Forms of money and money creation
  4. Demand for and supply of money
  5. Policy, monetary policy and fiscal policy
  6. Tools of monetary and fiscal policies
  7. Role of monetary and fiscal policies in the economy
  8. Evolution and structure of banking institutions
  9. Types and classification of banks and non-bank financial institutions
  10. Commercial, merchant and development banks
  11. Bank functions, management and sources of funds
  12. Bank balance sheet, liquidity and profitability
  13. Lending and borrowing principles
  14. Bank services, methods of payment and clearing system
  15. International financial institutions and their sources of funds

A sample from this course

One topic, as StudyPath teaches it.

Central Bank: definition, structure and functions

The Central Bank is the apex monetary authority in Nigeria, responsible for issuing currency, regulating the money supply, and supervising the banking system. Its structure—Board, Executive, and various departments—ensures policy implementation, while its functions—monetary policy, lender of last resort, and financial stability—are critical for exam success.

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