Unit 1 1
Part A Banks in China 1
Part B Federal Reserve Banks 8
Part C The Bank of England 14
Unit 2 21
Part A The Fractional Reserve 21
Part B The Three Ms 27
Part C Simple and Compound Interest 34
Unit 3 41
Part A Financial Statements 41
Part B A Balance Sheet 48
Part C The Entity Concept 57
Unit 4 63
Part A Bank Deposits 63
Part B Bank Accounts 70
Part C Special Banking Services 77
Unit 5 85
Part A Bank Advances 85
Part B The U.S.Subprime Crisis 92
Part C Bank Cards 98
Unit 6 104
Part A Bills of Exchange 104
Part B Banker's Acceptance 113
Part C Collection of Bills 119
Unit 7 124
Part A Documentary Credits 124
Part B Documentary Collection 132
Part C The Collection Order 141
Unit 8 148
Part A Currency Exchange 148
Part B The Spot and Forward Markets 156
Part C Swap Deals 163
Unit 9 171
Part A Currency Futures Market 171
Part B Futures 180
Part C Currency Options Market 188
Unit 10 196
Part A Balance of Payments 196
Part B An Introduction to Insurance 204
Part C Commercial Bank Marketing 211
Appendix Glossary 219