Merchant Banks Merchant banks are financial institutions that mainly serve businesses and large organizations. They do not focus on regular savings accounts for individuals. Instead, they help companies raise money, …
Introduction A central bank is the highest financial authority in a country, created by the government to manage the nation’s money, supervise the banking system, and help maintain economic stability. …
Bank Clearing House A bank clearing house is a central place where banks meet to exchange cheques and other payment documents so that money can move from one bank account …
Division of labour and specialisation are viable practices which result-oriented organizations use to maximize efficiency and productivity in their businesses. The idea of breaking tasks into specific categories and thereof …
The capital market is one of the major markets in every economy, yet many citizens are not fully aware of how it operates. This article explains the key concepts and …
As the business and entrepreneurial industry evolves, the factors of production, though largely static share interesting dynamics. In today’s world, applied knowledge is important for business owners especially for those …
A cheque is a coming instrument in the banking sector in today’s economy. We will be looking at the meaning of a cheque, features of a cheque, advantages of using …
Lesson Objectives By the end of the lesson, students should be able to: What is Credit Creation? Credit creation is when banks increase the amount of money available in the …
We will be looking at the parties to a cheque, such as the drawer, the drawee, and the payee. We will also examine types of cheques and reasons for dishonoring …
Financial institutions are organizations that help people and businesses manage money through services such as saving, lending, and transferring funds. The most common type is the commercial bank, which keeps …
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