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Characteristics of commercial banks

Classwork Series and Exercises (Social Studies – JSS2): Keeping money in the banks

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Social Studies, JSS 2,Week 4 Topic: Keeping money in the bank Content: Meaning of bank Things people keep in the bank Types of banks Meaning of commercial banks Characteristics of commercial bank Meaning of central bank Characteristics of central bank Advantages of keeping money in the bank Meaning of bank A bank is a place […]

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Classwork Exercise and Series (Economics- SS3): Commercial Banks

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Definition of a bank A bank is a financial institution licensed as a receiver of deposits. It is a commercial institution that performs financial activities. A bank is also an institution that creates money and give out loans to people. It is a place where money and other valuables are kept. Meaning of commercial banks

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