ESSENTIALS OF BANKING, MONEY, AND FINANCIAL MARKETS
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About This Book
In an era where financial literacy is more crucial than ever, Essentials of Banking: Money and Financial Markets offers readers an insightful journey through the core principles of banking and finance. It explains how money flows through the economy, how banks create credit, and how financial institutions shape business and national development.
This book simplifies complex financial theories and real-world practices covering topics such as the Central Bank of Nigeria, stock exchange operations, commercial and merchant banking, and inflation control. Whether you're a student, finance professional, or business owner, this guide provides the clarity, structure, and practical knowledge needed to navigate today's dynamic financial systems confidently.
Chapter Highlight: Chapter 9
"Banks are more than vaults and ledgers—they are the lifeblood of modern economies. From safeguarding deposits to fueling growth through loans, their role is both foundational and evolving."
What You'll Learn in This Chapter:
- The core functions of commercial banks
- How banks manage risk and liquidity
- The importance of trust, regulation, and customer relationships
Reader Takeaway: By the end of this chapter, you'll understand why banks matter—not just to businesses and governments, but to everyday people navigating financial decisions.