{"id":294,"date":"2015-04-21T18:24:58","date_gmt":"2015-04-21T18:24:58","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=chapter&#038;p=294"},"modified":"2015-07-11T23:05:29","modified_gmt":"2015-07-11T23:05:29","slug":"financial-institutions","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/chapter\/financial-institutions\/","title":{"raw":"Outcome: Financial Institutions","rendered":"Outcome: Financial Institutions"},"content":{"raw":"<h2>What you\u2019ll learn to do: describe\u00a0the differences between the types of financial institutions including banks, credit unions, finance companies, and securities markets<\/h2>\r\nNot all financial institutions serve the same purposes, customers, or functions within the U.S. Monetary System. Understanding the differences between\u00a0the various financial institutions will provide you with a glimpse into the bigger picture beyond your own local bank or ATM. These financial institutions serve as the intermediaries between the savers and the borrowers. Imagine if you had to drive to the nearest Federal Reserve bank to get $20 in cash to go to the movies on Saturday night? Not nearly as efficient as the network of institutions that comprise our banking system!\r\n<h3>Learning Activities<\/h3>\r\nThe learning activities for this section include:\r\n<ul>\r\n\t<li>Reading: Financial Institutions<\/li>\r\n\t<li>Self Check: Financial Institutions<\/li>\r\n<\/ul>\r\nTake time to review and reflect on this activity\u00a0in order to improve your performance on the assessment for this section.","rendered":"<h2>What you\u2019ll learn to do: describe\u00a0the differences between the types of financial institutions including banks, credit unions, finance companies, and securities markets<\/h2>\n<p>Not all financial institutions serve the same purposes, customers, or functions within the U.S. Monetary System. Understanding the differences between\u00a0the various financial institutions will provide you with a glimpse into the bigger picture beyond your own local bank or ATM. These financial institutions serve as the intermediaries between the savers and the borrowers. Imagine if you had to drive to the nearest Federal Reserve bank to get $20 in cash to go to the movies on Saturday night? Not nearly as efficient as the network of institutions that comprise our banking system!<\/p>\n<h3>Learning Activities<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Financial Institutions<\/li>\n<li>Self Check: Financial Institutions<\/li>\n<\/ul>\n<p>Take time to review and reflect on this activity\u00a0in order to improve your performance on the assessment for this section.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-294\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Linda Williams and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":78,"menu_order":8,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Linda Williams and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"6d1f15ba-3957-4357-b951-60766a652f3f","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-294","chapter","type-chapter","status-publish","hentry"],"part":83,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/users\/78"}],"version-history":[{"count":16,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/294\/revisions"}],"predecessor-version":[{"id":5056,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/294\/revisions\/5056"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/parts\/83"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/294\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/media?parent=294"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapter-type?post=294"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/contributor?post=294"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/license?post=294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}