Banking on a Good Turn

What are the advantages and disadvantages of using a credit card versus a debit card? What are the costs of using a debit card irresponsibly? Here you'll find a lesson on key concepts that every learner should know regarding personal...

Using his example of a growing village bank, Sal (the narrator) explains the ins and outs of the banking business, mostly from the perspective of the banker. This point of view can be helpful for people who see the bank as an institution...

As an introduction to the institution and function of banks in society, this video walks viewers through the concept of banking with colorful annotations and simplified narration. The lecture evolves naturally into a discussion about...

For about the first six minutes Sal reviews the hypothetical global trade scenario from the last video in detail, changing a few numbers to make for a cleaner example. He continues the scenario to demonstrate how the natural ups and...

With just 1000 pieces of fictional gold, Sal takes viewers through the process of fractional reserve banking. He explains how deposits made into a bank can be both assets and liabilities, and the role of having reserves. Additionally, he...

Delve deeper into currency exchange theory using Sal's hypothetical global trade scenario involving the Chinese Yuan and the US dollar. He references goods manufactured and sold in the countries using supply and demand principles,...

How exactly do banks work? A short video clip explains the complex banking system in a way all young savers understand. Scholars analyze just how a bank operates and makes money by providing investment opportunities to the community....

The first several minutes of this clip are a review of the hypothetical China-U.S. trade scenario Sal mapped out in previous videos. Then, he begins to further outline how the Yuan can resist appreciation because of interference by the...

Why are some goods public and others private? Scholars compare and contrast what makes an item a rival or excludable as they listen to an enlightening podcast. They investigate everything from street lights to automobiles, placing items...

What does the Federal Reserve actually do? Explore the three main responsibilities of the Fed—setting monetary policy, regulating and supervising banks, and acting as a bank for the federal government—with a short and engaging video.