Dollars and Sense: The Banking Industry

It is not common knowledge that the history of banking has deep roots. The first banks have been traced back to the Middle Ages, and the practice of loaning currency goes all the way back to eighteenth century B.C. The services that banks offer go hand-in-hand with the use of money. Readers will learn about the different kinds of banks, including investment banks, private banks, cooperative banks, the Federal Reserve, and the World Bank. They'll read how banks yield profits for shareholders and how account holders earn interest. They'll learn the pivotal role of banks in the global financial crisis of 2008 and what is being done to minimize the risks of such a disaster happening again. Throughout the text, fact boxes explain important financial concepts that are so frequently referenced in the news today. Series Review: Big-Buck Business"The timely and topical books explain the ins and outs, history, and future of different areas of commerce and highlight successful people in the various fields. … The set will be helpful for further research, for learning about an industry as a whole, and/or as an introduction to a study of economics."-School Library Journal