About This Chapter
FTCE Business: Financial Management - Chapter Summary
Throughout this chapter, you will learn how to settle a cash reserve, use debt as leverage and budget money. Additional concepts covered in the 'FTCE Business: Financial Management' chapter include:
- Financial ratios
- Bank lending
- Commercial and investment banking
- The Federal Reserve System
- Financial services
- Consumer debt and credit management
By the time you finish this chapter, you should know how credit helps maintain and grow the economy. These concepts are delivered through video lessons and transcripts that are easy to digest and brief. Quizzes are coupled with our video lessons and provide immediate feedback. Use the quiz results to determine your strengths and weakness, as well as your preparedness to answer financial management questions on the FTCE Business Education test.
FTCE Business: Financial Management Objectives
Financial management questions make up five percent of the FTCE Business Education test's 120 multiple-choice questions. These questions must be answered within the 150-minute time limit at an authorized computer-based testing site. You need to have a scaled score of at least 200 to pass. With a bachelor's degree and by passing the FTCE Business Education test, you may be able to earn the Florida Department of Education's Temporary Certificate. The Florida Department of Education offers a Professional Certificate for those who also pass the general knowledge test and the professional preparation and education competence test. According to the FTCE Business Education test's financial management objectives, you need to know financial institution and service concepts, how customer service impacts business and strategies for money management.
1. Institutions of the U.S. Banking System
The United States banking system is diverse and consists of many different types of institutions. In this lesson, you'll learn about commercial banks, savings and loan associations, credit unions, and investment banks.
2. What is the Federal Reserve System?
Have you ever wondered why interest rates go up and down, seemingly at random? Of course you have! Discover what the Federal Reserve is, what its goals are and how those goals are achieved in this introductory lesson explaining the central bank of the United States.
3. Fractional Reserve System: Required and Excess Reserves
This lesson provides an overview of basic banking concepts, illustrating how deposits turn into required reserves and excess reserves. It also covers how a bank accounts for these items on its balance sheet.
4. How Money Is Made: Understanding Bank Lending in the Economy
In this lesson, you'll learn how a single deposit in a local bank increases the money supply and filters through the economy with the help of the fractional reserve banking system.
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Other chapters within the FTCE Business Education 6-12 (051): Test Practice & Study Guide course
- FTCE Business: Information & Technological Systems
- FTCE Business: Business Communication
- FTCE Business: Accounting
- FTCE Business: Business Management: Functions
- FTCE Business: Business Management: Leadership
- FTCE Business: Business Management: Motivation
- FTCE Business: Business Management: Groups & Teams
- FTCE Business: Business Management: Human Resources
- FTCE Business: Business Management: Organizational Structure
- FTCE Business: Business Management: Finance
- FTCE Business: Business Management: Marketing
- FTCE Business: Business Management: Entrepreneurship & Starting a Business
- FTCE Business: Customer Service
- FTCE Business: Business Law
- FTCE Business: International Business
- FTCE Business: Teaching Business: Foundations & Methods
- FTCE Business Education 6-12 Flashcards