Ekpedeme Edidiong

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 …

Types of Retail Trade: Large-Scale Retail Trade: These retailers operate with large capital and sell goods on a large scale. Examples include: Departmental Stores: Departmental stores are large retail outlets …

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 …

The Nigerian economy is one of the largest in Africa, richly endowed with both human and natural resources. It operates as a mixed economy, meaning that both the government and …