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Introduction
Banking & Financial Systems is written especially to introduce
teens to the business of banking. Concepts about banking operations,
the Federal Reserve, customer services, and other relevant topics are
presented to provide an understanding of how banks function within
society. Banking & Financial Systems prepares students to be competent
consumers and employees.
This text is divided into five units. Unit 1 introduces the business
of banking. Unit 2 discusses money and banking regulations, including
the role of the Federal Reserve. Unit 3 covers services customers need,
such as savings, lending, and making payments. Unit 4 discusses the
management aspects of the banking business. Finally, Unit 5 provides
an overview of the history of banking, including the financial crises of
the early 21st century, and discusses the future of banking. Progressing
through this text, many opportunities are offered to learn about the
banking industry and how it has evolved, new offerings to its clients, and
avenues for a future potential career.
A new learning tool has been provided to help students study. QR
codes are provided to use with a smartphone to go directly to selected
text activities. In addition, the G-W Learning mobile site makes it easy for
students to study on the go!
About the Authors
Biz Kid$ is a national financial education–based initiative whose
foundation is the Emmy Award-winning public television series that teaches
kids and young adults about money and business. The series has also
been given the Environmental Media Award for Outstanding Children’s
Television, the Silver Telly Award for Outstanding Financial Education
Series and it has been recognized for Excellence in Contributions for
Financial Literacy Education by the Council on Economic Education.
Contributing Authors
Maria Townsley is an educator and a professional writer in business
and education. She has written or edited many published books that teach
business concepts and tools to students and business professionals.
Cheryl McGaughey is currently an instructor of Finance at Angelo
State University in Texas and serves as chairman of the board of a Texas
credit union. She has over 30 years experience teaching finance.
Matt Fontaine has been writing for a variety of organizations,
businesses, and publications in the Pacific Northwest since 2001. He
wrote his first economics text in 2006 and has worked closely with
Biz Kid$ since 2009.