Discussion: Financial Markets And Institutions
Part 1:
Respond to the following:
• Identify three new concepts you did not previously have any background on and state how this new information impacts your career or you personally.
• Discuss two areas or specific items covered in this course that you can foresee going through radical change over the next twenty years. Provide a detailed rationale for each of your selections.
Part 2:
Respond to classmate below:
"I have learned a lot in this class and I have enjoyed the past eleven weeks!
Three new concepts that I did not previously have any background on are the various types of financial markets, factors in interest rate changes, and asset and liability management. Knowing the multiple types of financial markets impacts my future career because I want to be a financial analyst, and that is essential information to have for that job. Learning about interest rate changes affects me personally because it affects the interest rate at which I borrow money, like credit cards, mortgages, and auto loans. Learning about asset and liability management impacts my future career as a financial analyst because it is needed to understand bank portfolios and pension plans.
One area covered in this course that I can foresee going through radical change over the next twenty years is commercial banks. I think that commercial banking operations will radically change in the next twenty years due to technology. Technology trends like extended reality and other factors could disrupt the retail and commercial banking industry. Another specific item covered in this course that I can foresee going through radical change over the next twenty years is management concepts for banks. I believe that management concepts for banks will radically change in the next twenty years because our capabilities with technology are always changing, and so is the needs and wants of the customers. New technology and innovations will change what and how banks offer services and interact with their customers."
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.