ELEMENTS OF BANKING l (BFN 111/ODFeL/ACC/1st)

Course Description

Elements of Banking, is a two-credit unit and two-semester undergraduate course for ND Accountancy students. The course is made up of five (5) modules spread across thirteen (13) lecture weeks. This course guide tells you an overview of what money is all about, and how they are used to solve basic needs of a society. The course guide is also organised in a simplified manner to help you go through the course materials in order to prepare for your semester examination. In addition, the course materials suggest some general guidelines for the amount of time required of you on each unit in order to achieve the course aims and objectives successfully. Answers to your tutor marked assignments (TMAs) are therein already.

Course Prerequisites

To be qualified for ND Accountancy, you are expected to have the following O’ level requirements:

English Language (not Literature in English) and Mathematics and any three subjects from the following:

Economics/Commerce,

Business Methods/Business Studies,

Principles of Accounts/Book Keeping,

Literature in English

Geography

Course Objectives

At the end of this course, you should be able to:

1. Explain the meaning and evolution of money and understand different types of money.

2. Explain the factors influencing the supply and demand of money.

3. State the difference between the role of commercial banks and that of central banks.

4. Apply the ethics of borrowing/lending used by commercial banks in their decision making.

5. Explain the services offered to customers by commercial banks.

6. Discuss the importance of non- bank financial intermediaries to the Nigerian economy.

Activities to Meet Course Objectives

The Open Distance and Flexible e-learning programmes are specially designed to replace the conventional lectures. Hence, you can be able to study using these materials at your own convenient time, and place that best suits you. The study materials will guide you on what to read and when to read other materials. Just as a lecturer might give you class exercises, your study units provide exercises for you to do at an appropriate time.

Each study session follows a unified format. The first item is an introduction to the subject matter of the study session, and how a particular session is integrated with the others linking to the course as a whole. Next is a set of learning objectives. These objectives allow you to know what you should be able to do by the time you have completed the unit. You should use these objectives to guide your study. When you have finished the unit, you must go back and check whether you have achieved the objectives. If this becomes your habit, you will significantly improve your chances of passing the course.

In order to achieve the learning objective of this study, related sites and standard references have been provided for you. There is going to be lot of online interactions between you and your course lecturer through WhatsApp, Facebook or Instagram. Therefore, you should have good and functional software applications on your mobile phones or I-pad like WhatsApp, Facebook and Instagram, email address and a phone number to enable you chat, interact and share ideas with your tutors and other course mates. Similarly, there will be individual and group assignments. It is important to note that all assignments are due at the times slated. Late submission of assignment will not be accepted from you. Hence, you should be very serious with your study.

Time (To Complete Syllabus/Course)

The duration of tutoring is approximately 13 weeks and you are expected to put in a minimum of 2-hour study time per week.