Lesson: Banks Economics • Third Year of Secondary School

In this lesson, we will learn how to identify the role of banks in the economy and what functions are served by different types of banks.

Lesson Plan

Students will be able to

understand that banks serve as financial intermediaries between savers and borrowers,
understand the characteristics and functions of the following types of banks: central banks, commercial banks, specialized banks, and investment banks,
know the characteristics and functions of the new types of banks: universal banks and electronic (or virtual) banks,
understand the historical role of banks in issuing banknotes and the associated legal restrictions,
know the history behind the development of banknote issuance in Egypt,
understand the interpretation of credit money as a bank’s debt and its current trend as a replacement of banknotes.