Created from Youtube video: https://www.youtube.com/watch?v=fTTGALaRZocvideoConcepts covered:Banking system evolution, Risk management, 2008 financial crisis impact, Alternative financing models, Credit unions
The video explains the evolution of the banking system from its origins in 11th century Italy to modern-day practices, highlighting the role of banks in managing risks and providing essential resources for economic growth. It also discusses the challenges faced by traditional banks, the impact of the 2008 financial crisis, and the emergence of alternative financing models like credit unions, investment banks, crowdfunding, and microcredits.
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Banking Explained – Money and Credit
Concepts covered:Banking system evolution, Risk management, 2008 financial crisis impact, Alternative financing models, Credit unions
The video explains the evolution of the banking system from its origins in 11th century Italy to modern-day practices, highlighting the role of banks in managing risks and providing essential resources for economic growth. It also discusses the challenges faced by traditional banks, the impact of the 2008 financial crisis, and the emergence of alternative financing models like credit unions, investment banks, crowdfunding, and microcredits.
Question 1
What could challenge traditional banking in the future?
Question 2
What primary function do banks serve in the economy?
Question 3
How did banking originally simplify trade in 11th century Italy?
Question 4
What does 'bank' etymologically derive from?
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