{"id":472,"date":"2015-05-05T04:16:35","date_gmt":"2015-05-05T04:16:35","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&#038;p=472"},"modified":"2018-04-29T19:25:20","modified_gmt":"2018-04-29T19:25:20","slug":"learning-outcome-banks","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/chapter\/learning-outcome-banks\/","title":{"raw":"Introduction to Banking","rendered":"Introduction to Banking"},"content":{"raw":"<h2>What you'll learn to do:\u00a0explain what a bank does<\/h2>\r\n<img class=\"aligncenter wp-image-8444\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/30194320\/13754569533_ab2709539f_o.jpg\" alt=\"Sign for TD Bank.\" width=\"513\" height=\"320\" \/>\r\n\r\nA nation's banking system consists of commercial banks and similar financial institutions, and a central bank, which regulates commercial banks and the availability of credit. In the United States, the central bank is the called the Federal Reserve System, which we will discuss in detail in the next module.\r\n\r\nIn this section, you will examine the role of\u00a0banks and understand the purpose they serve in the economy.","rendered":"<h2>What you&#8217;ll learn to do:\u00a0explain what a bank does<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8444\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/30194320\/13754569533_ab2709539f_o.jpg\" alt=\"Sign for TD Bank.\" width=\"513\" height=\"320\" \/><\/p>\n<p>A nation&#8217;s banking system consists of commercial banks and similar financial institutions, and a central bank, which regulates commercial banks and the availability of credit. In the United States, the central bank is the called the Federal Reserve System, which we will discuss in detail in the next module.<\/p>\n<p>In this section, you will examine the role of\u00a0banks and understand the purpose they serve in the economy.<\/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-472\">\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>: Steven Greenlaw 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 class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>TD Bank. <strong>Authored by<\/strong>:  Mike Mozart. <strong>Provided by<\/strong>: Flickr. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/www.flickr.com\/photos\/jeepersmedia\/13754569533\/in\/photolist-mXrLjz-mXtwDA-ebibNz-4YCmp6-nDEUwT-mXryyv-mXrCpt-mXrFgt-mXrqgF-mXrAP2-9wLZot-mXtnjy-oiwkXc-oVCRdR-29Tswj-mXrDda-er45Qa-cXrfGs-pV343-8KazX6-5MRKBK-mXtBjh-ozZBY2-mXrBDt-7ovFBY-TTt55v-oSrJrE-nvMbjf-qNJQKw-mXuJXG-r6jNYt-enAS5J-oizEWt-WaTBeW-ozREFz-9nJJ1U-kZXpon-8SR8vm-p2nEQg-gcXMma-nSxdap-qNU6fz-nRY6m1-aJzxpa-QDwT1q-93UX8z-o22CsL-mXtsZw-iDk6v-oL7CaL\/\">https:\/\/www.flickr.com\/photos\/jeepersmedia\/13754569533\/in\/photolist-mXrLjz-mXtwDA-ebibNz-4YCmp6-nDEUwT-mXryyv-mXrCpt-mXrFgt-mXrqgF-mXrAP2-9wLZot-mXtnjy-oiwkXc-oVCRdR-29Tswj-mXrDda-er45Qa-cXrfGs-pV343-8KazX6-5MRKBK-mXtBjh-ozZBY2-mXrBDt-7ovFBY-TTt55v-oSrJrE-nvMbjf-qNJQKw-mXuJXG-r6jNYt-enAS5J-oizEWt-WaTBeW-ozREFz-9nJJ1U-kZXpon-8SR8vm-p2nEQg-gcXMma-nSxdap-qNU6fz-nRY6m1-aJzxpa-QDwT1q-93UX8z-o22CsL-mXtsZw-iDk6v-oL7CaL\/<\/a>. <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":74,"menu_order":9,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Steven Greenlaw and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"TD Bank\",\"author\":\" Mike 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