Faculty of Business and Economics

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Monash University

Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedCaulfield First semester 2010 (Day)
Caulfield Second semester 2010 (Day)
Coordinator(s)Mr Andrew Coleman


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.


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.


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

Chief examiner(s)

Andrew Coleman

Contact hours

3 hours per week