3, Kostaki Pantelidi str., 2057 Nicosia, P.O.Box 25331, 1308 Nicosia, Cyprus, Tel.: +357 22459090, Fax: +357 22664910, Email: info@ibscyprus.com.cy

Money and Banking

Duration: 39 hours    Credits: 3


This course presents a fundamental treatment of how money functions in a country’s economy and world economies. Topics include the concept of money supply and the role banks play in the nation’s payment mechanism. Money and Banking also explains the workings of monetary and fiscal policies, the functions and powers of the Central Bank, and more.

After successfully completing this course, you will be able to:

  • Describe how commercial banks 'create' money
  • Identify the tools of monetary and fiscal policy
  • Explain bank operations and the payments mechanism
  • Compare and contrast various types of financial institutions