Monash University Handbook 2010 Undergraduate - Unit

Synopsis

The bank-customer relationship; types of account; current issues in banking law; negotiable instruments including cheques and bills of exchange; the duties and responsibilities of the paying bank and collecting bank; negotiable and allied instruments in international trade; electronic funds transfer.

Objectives

The learning goals associated with this unit are to:

• describe the key elements of the banker customer relationship
• critically analyse the main features of negotiable instruments and their uses
• define the various types of letters of credit and evaluate their effectiveness in international transactions
• describe the structure of the payments system in Australia with specific reference to the use of electronic payments and credit cards
• evaluate key current developments within the banking system in Australia based on knowledge gained within the course.

Assessment

Within semester assessment: 30%
Examination (3 hours, open-book): 70%

Chief examiner(s)

Andrew Coleman

Contact hours

3 hours per week

Prerequisites

BTF1010