BFN304: Financial System
BFN 304: Financial Systems is a three-credit course for students offering B. Sc. in Banking and Finance in the School of Management Sciences. The course consists of eighteen (18) units, that is, three (3) modules of six (6) units for each module. The material has been developed to suit undergraduate students in Banking and Finance at the National Open University of Nigeria (NOUN) by using an approach that analyzes practice of banking. A student who successfully completes the course will surely be in a better position to handle the intricacies of practical banking operations.
This course will introduce you to some fundamental aspects of financial systems generally. It also includes: Financial System; Types and Characteristics of Financial Assets; International Financial System; Capital Market; Money Market; Nigerian Financial System; Operations of Capital Market in Nigeria; Operations of Money Market in Nigeria; Central Banking; Commercial Banking; Merchant Banks; Development Banks; Universal Banks; Rural Banking; Marketing of Bank Services; Investment Companies; Insurance Companies; and Comparative Banking and Financial System.
By the end of this course, you should be able to:
(i) Discuss Financial System;
(ii) Mention and Explain Types and Characteristics of Financial Assets;
(iii) Explain International Financial System;
(iv) Define Capital Market;
(v) Explain Money Market;
(vi) Explain the Nigerian Financial System;
(vii) Discuss the Operations of the Capital Market in Nigeria;
(viii) Explain the Operations of Money Market in Nigeria;
(ix) Mention and Discussing functions of Central Banking;
(x) Identify and Explaining functions of Commercial Banking