Banking

All banking is: Increasing of the balance sheet
Todays banking is all about Risk Management

Pirces are determined by Supply and Demand.
That includes the price of credit… ie the interest rate

The Interest Rate is the Price of Credit (not Money)

Money vs Currency
Money is an intangible asset, which means it cannot be touched, it cannot be smelled; however it can be seen in terms of numbers. Money does have a few properties such as it must be a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. Currency is a tangible concept that is based on the intangible money. Currency is the promissory note or coin that is presented in form of money. Currency is what brings money to life.

Seigniorage : the difference between the value of money and the cost to produce and distribute it.

Types of Money:
– Barter
– Commodity
– Coin
– Paper Money
– Bank Money
– Digital Money
– Programmable Money / democratize money.

Money  = Currency + Store of value

Function of Currency:
– Medium of exchange
– Measure of value

Characteristics of Currency:
– Portable
– Durable
– Divisiable
– Limited Availability
-Fungible (interchangeable)

Difference between Currency vs money
https://www.youtube.com/watch?v=1z5iwxdFQ08

Banking Explained – Money and Credit
https://www.youtube.com/watch?v=fTTGALaRZoc

What gives a dollar bill its value? – Doug Levinson
https://www.youtube.com/watch?v=XNu5ppFZbHo

AML: Anti Money Laundering
3 steps:
1- placement
2-Layering
3- Integration

KYC: Know Your Customers
CDD: Customer Due Diligence
CIP: Customer Identification Program

acams.org : AML Glossary

Anti-Money-Laundering, Counterterrorism Financing and Financial Crime
https://www.youtube.com/watch?v=PcdCaDK_v1c

Money and Banking: Lecture 1 – Money and the Economy
https://www.youtube.com/watch?v=etsCGT542AI&list=PLdLiRaajwSXSO6FD9_oQUkjAgQoRHDs8d

The Future of Money: Banking on Fintech
https://www.youtube.com/watch?v=nuC-UGxmAks