Explain the banking and financial systems


Problem

Once you have viewed the YouTube video "The Most Valuable Financial Asset You Will Ever Have | Importance of Financial Literacy/Intelligence", read the scenario below and incorporate what gained from viewing the video to complete the problem.

The head of your school's finance department has asked you to address a group of incoming business students about the importance of finance to their overall business education.

Develop an outline with the key points you would cover in your speech and then explain why those key points are important.

The outline may be in bullet points. The explanation portion should be in paragraph form. A paragraph is a minimum of 5 sentences. The explanation portion of your assignment is a minimum of 2 paragraphs.

Upon completion of this problem you should have shown you are able to comprehend and articulate the following Course Student Learning Outcomes (CSLOs):

1) Identify major business functions of accounting, finance, information systems, management and marketing.

2) Describe basic financial statements and show how they reflect the activity and financial condition of a business.

3) Explain the banking and financial systems, including the securities markets, business financing, and basic concepts of accounting.

The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.

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Financial Accounting: Explain the banking and financial systems
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