Join Professor Matt Hill as he walks you through the classroom slides of Day 1: "How Banks Work" from MRU's free "Monetary Policy" unit plan. Get the unit plan here: https://mru.io/b00

Learning Objectives:
- Define interest rates.
- Understand how banks generate profit.
- Understand how banks operate in a fractional reserve system.
- Explain how fractional reserve banking can be both beneficial and risky.