Chapter 20: Money and Financial Institutions - McGraw-Hill Introduction to Business

[VIDEO] Designing Cash to Counteract Counterfeiters

April 25, 2025

With more than 55 billion U.S. bank notes circulating the globe, keeping the American dollar safe from counterfeiters is an ever-evolving challenge. This video explores the many safety features that countries employ to protect their cash, from frequent redesigns and watermarks to holograms and secret molecular identifiers.

Questions:

What are some design features that countries use to keep their money safe from counterfeiters?
Why hasn’t the U.S. redesigned the one dollar bill for more than 60 years? Do you think Continue reading →

Global, Ethics, Product Development, Currency, Product Distribution, Money, Fraud, Counterfeiting

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 20: Money and Financial Institutions, Videos

Bank Sues for Check Fraud after ‘Infinite Money Glitch’ Trend

November 1, 2024

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Last summer, a viral social media stunt claimed to show people withdrawing huge amounts of cash by exploiting a “glitch” at JPMorgan Chase bank ATMs. The unverified rumor claimed that anyone could deposit a large check to their own account using a mobile device and then withdraw “unlimited money” from an ATM before the bank cleared the check. Some people tried the stunt with varying levels of success. In one case in Houston, a man wearing a mask deposited a Continue reading →

Ethics, Social Media, Banking, Crime, Fraud, Cash, TikTok

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 20: Money and Financial Institutions, Bonus Chapter A: Business Law, Bonus Chapter B: Technology and New Media

[VIDEO] Why Gold Is More Valuable Than Ever

May 29, 2024

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Demand for gold has been rising across the globe, defying economists’ expectations and sending prices soaring to new heights. The video below looks at how the gold trade has changed in recent years as everyday consumers enter the market alongside major investors. Costco, for example, sells $200 million worth of gold bars every month to members on the lookout for what they consider to be stable investments.

Questions:

Why have gold prices been rising across the globe recently?
Do you Continue reading →

Marketing, Global, Retail, Product Distribution, Commodities, Supply & Demand, Costco, Gold

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 19: Securities Markets, Chapter 20: Money and Financial Institutions, Videos

Unimpressive Instacart Debut Decreases Confidence in IPOs

September 22, 2023

NickelsMcHughMcHugh

For years, going public on the New York Stock Exchange or Nasdaq was the culmination of a longtime dream for many companies. After all, initial public offerings (IPOs) gave stakeholders a good chance to get rich quick while also bringing in new capital to expand their businesses even further. Unfortunately, this has not been the case for the last 18 months as rising inflation and growing economic uncertainty has created a poor environment for IPOs. In recent weeks, though, several Continue reading →

Global, Ethics, Regulation, Interest Rates, IPO, Inflation, Stock Exchange, Instacart

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 5: Forms of Business Ownership, Chapter 19: Securities Markets, Chapter 20: Money and Financial Institutions, Bonus Chapter A: Business Law

Bank of America Fined $150 Million by Federal Regulators

July 12, 2023

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According to consumer watchdogs, for years Bank of America charged customers a variety of “junk fees” while also mishandling accounts. Not only did the financial giant withhold perks that were promised to some credit card holders, but it also double-charged overdraft fees and secretly opened cards in customers’ names without their knowledge. As a result, Bank of America received a $150 million fine from the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau (CFPB), which Continue reading →

Ethics, Banking, Regulation, Bank of America, Fraud, Consumer Financial Protection Bureau

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 20: Money and Financial Institutions, Bonus Chapter A: Business Law

[VIDEO] The Business Model Behind Buy Now, Pay Later Apps

July 6, 2023

NickelsMcHughMcHugh

Retailers have long relied on credit cards and companies like Paypal to provide payment options for customers, but recently these services have faced some new competition. Firms like Affirm, Klarna, and Afterpay offer “buy now, pay later” models that can be an appealing alternative to credit cards. As the video below shows, though, these services could potentially be dangerous to consumers while also failing to maintain steady profits for investors.

Questions:

What are the potential advantages and disadvantages of using Continue reading →

Ethics, Retail, Currency, Money, Credit, Payment services, Paypal, Ecommerce

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Chapter 17: Accounting, Chapter 20: Money and Financial Institutions, Videos

[VIDEO] Why Hitting the Debt Ceiling Would Be ‘Catastrophic’

May 11, 2023

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Lawmakers are once again butting heads about raising the debt ceiling, a limit on the total amount of money that the federal government is authorized to borrow. This video looks at the potential economic consequences that could follow if legislators fail to reach an agreement and default on the nation’s debt.

Questions:

How does debt help drive the U.S. economy?
Why are U.S. bonds traditionally seen as reliable investments? How could that change if the country defaults on its debt?

Economics, Global, Ethics, Regulation, Debt ceiling, Federal Reserve, Bonds, Securities

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 19: Securities Markets, Chapter 20: Money and Financial Institutions, Bonus Chapter A: Business Law, Videos

[VIDEO] Apple vs. Banks: The Digital-Wallet War

April 13, 2023

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Since launching its digital payment system in 2014, Apple has steadily increased its market share in a space traditionally dominated by big banks. This video looks at how Apple Pay has frightened Wall Street stalwarts like JPMorgan Chase and caused financial institutions to expand their own digital payment efforts in order to compete.

Questions:

What advantages and disadvantages does Apple Pay have compared to traditional financial firms?
Do you prefer to pay with cards or digital platforms like Apple Pay?

Silicon Valley, Currency, Finance, Credit Cards, Wall Street, Apple, Digital payments, Apple Pay, Debit cards

Chapter 1: Taking Risks and Making Profits, Chapter 18: Financial Management, Chapter 19: Securities Markets, Chapter 20: Money and Financial Institutions, Videos

[VIDEO] How the FDIC Insures Customers’ Deposits

March 24, 2023

NickelsMcHughMcHugh

The Federal Deposit Insurance Corporation (FDIC) does not get much attention unless something goes drastically wrong in the financial world, such as the recent collapse of Silicon Valley Bank (SVB). This video explains how the organization covers customers’ deposits in order to prevent bank runs, and how the fall of SVB presented the FDIC with some unique challenges.

Questions:

Why was the FDIC formed, and how does it protect customers’ deposits?
How did the FDIC’s handling of the SVB collapse Continue reading →

Economics, Securities Markets, Ethics, Regulation, Federal Reserve, Financial Crisis, Stock Market, FDIC, SVB, Bailout

Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 18: Financial Management, Chapter 19: Securities Markets, Chapter 20: Money and Financial Institutions, Bonus Chapter A: Business Law, Videos

[VIDEO] How SVB Collapsed in 36 Hours

March 16, 2023

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The video below provides an in-depth look at Silicon Valley Bank’s downfall, from its heavy investments in bonds to the bank run that has sent shockwaves through the market. (For more information on investigations into potential misconduct at SVB, check out this video.)

Questions:

How did SVB’s substantial investments in bonds backfire on the bank?
Do you think federal regulators should place limits on how much money banks like SVB can invest? Why or why not?

Ethics, Banking, Regulation, Federal Reserve, Supply & Demand, Stock markets, FDIC, Financial collapse

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 18: Financial Management, Chapter 19: Securities Markets, Chapter 20: Money and Financial Institutions, Videos