Jesse Tanner by Jesse Tanner https://padlet.com/JesseTanner/saxwqx7k8oxb Assignment 02 - Money Matters en-us 2018-12-01 17:20:13 UTC 2026-01-16 01:51:11 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png All about the banks.. JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310094319 Here we are going to learn about how a bank works. Meaning how it is able to operate, how it makes money for itself,  how it handles your money and how the bank impacts the economy.

Topics I will cover include:

- Economy Impact
-  How Do Banks Make Money?
- Canadian vs. U.S. Banking Structure
- The Costs Of Banking
- Checking/Savings Accounts


Thanks and enjoy!]]> 2018-12-01 19:54:50 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310094319 JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310100173 Banks are important to the worlds economy. The motive of the bank is to put your money to good use. They do this by lending it out to others who then use it to purchase homes, businesses, etc.

I like how this website breaks down the structure of a banking institution and gives the reader some thought on what would the world be like if we had no banks. Giving notion that banks help the economy a lot more than harm.

]]> 2018-12-01 20:51:20 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310100173 HOW BANKS WORK by Jesse Tanner JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310100762 2018-12-01 20:58:21 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310100762 What Is The Economic Function Of A Bank? JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310100927 2018-12-01 21:00:31 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310100927 JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310102739 The bank works because of our trust. We give the bank our money and then the bank turns around and loans it to someone else to make money for itself. Banks can legally extend more credit than they have funds. Most of us have total trust in the bank to give our money back when we need it.

This video is a little on the conspiracy side and it relies on viewers fear of world domination, however it showcases the banks hold on the economy quite well. There is some truth to the subject matter as it focuses on the structure of the banks and how the bank influences international markets as well as those that work within the bank system can influence the economy too.

]]> 2018-12-01 21:19:13 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310102739 Do Banks Control The World?? JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310102787 2018-12-01 21:19:39 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310102787 JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310107770 Banks make money by lending money at rates higher than the cost of the money they receive. Loans are the principal way in which the banks earn income.  

I like this site because its a great breakdown of what is involved in banking as a consumer. It tells you all about whats involved, what should you expect as far as fees are concerned, whether a checking or savings account is better for you, etc.]]> 2018-12-01 22:30:58 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310107770 How Do Banks Make Their Money And How Does It Effect You? JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310109466 2018-12-01 22:59:04 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310109466 JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310109509 Most of the money in our economy is created by banks. Banks create new money whenever they make loans. 90% of the money in the economy is created by banks, while just 10% is created by the government.

This video gives us a good glimpse of how banks make money from consumers and how the money made from banks represent most of the economy's worth. Its a pretty sweet deal from the banks perspective.]]> 2018-12-01 22:59:44 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310109509 How Does The Bank Make Money Off Of You? JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310109528 2018-12-01 22:59:56 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310109528 JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310114869 Canadian and U.S. banks are the same in some ways, but the different history, competitive frameworks, and economic environments each provide unique exposure for consumers and investors alike.

It doesn't get much easier than this. This site provides a beautiful infographic on the key differences between Canadian and US banking systems. From market share to investing stability, the website is a one stop for the Canadian vs. US banking stats.]]> 2018-12-02 00:57:21 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310114869 The Difference Between Canadian And American. JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310114884 2018-12-02 00:57:42 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310114884 JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310117132 U.S. and Canadian banking systems are very different. Both systems have their advantages, and have contributed to the growth of each of their economies. Because of their differences, both Canada and the U.S. can learn from each other on how to improve banking.

I like this video, its pro Canadian lol. But all joking aside this video does lean into pro Canadian lectures, but it makes strong cases towards the differences between the two countries banking structure. I did learn the benefits the Canadian banking structure has over almost all other banking infrastructures.
]]> 2018-12-02 02:01:13 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310117132 Canada Learning From Us And Vice Versa. JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310117142 2018-12-02 02:01:38 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310117142 JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310118476 This image gives us a little insight to how much Canadian banks take advantage of the mobile market. Mobile banking has exploded in recent years along with the increase of smartphone use, more and more people are taking advantage of the convenience of mobile banking. 

I personally use mobile banking a lot in my life and it does not surprise me that the major banks are getting more invested in mobile banking. This is just another way for banks to bring in clients and grow their market. ]]> 2018-12-02 02:37:47 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310118476 Canadian Banks Including Mobile Apps To Expand Their Structure. JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310118491 2018-12-02 02:37:58 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310118491 JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310120389 This little image gives us a pretty basic layout on how the banks use your money to make money. The whole process is referred to the "Velocity of Money" and encompasses the process of how banks are able to make money. 

This process is not fool proof however as I have learned in my research, as in when a large amount of clients withdrawn their money at the same time. In the end, the process has been successful for the banks and helped pave the way for the financial economy.]]> 2018-12-02 03:17:02 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310120389 Using Other People's Money. JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310120413 2018-12-02 03:17:26 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310120413 JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310122200 This image gives us some insight on how Canadian banks are changing their structure to not only compete with their fellow banks but also change according to the needs of the consumer. It gives an interesting look into what different services the banks are offering to consumers to attract more customers. 

This is an important view on how banks change the way they do business to the needs of their customers, the overall "velocity of money" does not change but rather how the process gets started and how customers can access their money.]]> 2018-12-02 03:52:05 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310122200 Changing The Structure To Stay In The Game. JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310122214 2018-12-02 03:52:17 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310122214 Can't Have A Padlet Without A Word Doc... JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310125214 2018-12-02 04:57:48 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310125214 VIDEOS JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310125738 2018-12-02 05:12:53 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310125738 IMAGES JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310125751 2018-12-02 05:13:17 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310125751 WEBSITES JesseTanner https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310125767 2018-12-02 05:13:47 UTC https://padlet.com/JesseTanner/saxwqx7k8oxb/wish/310125767