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JSS2: BUSINESS STUDIES – 2ND TERM

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  1. Bank Services | Week 1
    8 Topics
    |
    1 Quiz
  2. Insurance | Week 2
    6 Topics
    |
    1 Quiz
  3. Personal Qualities of an Entrepreneur | Week 3
    1 Topic
    |
    1 Quiz
  4. Business Opportunities | Week 4
    2 Topics
    |
    1 Quiz
  5. Consumer Rights and Responsibilities | Week 5
    2 Topics
    |
    1 Quiz
  6. Shopping Tips | Week 6
    4 Topics
    |
    1 Quiz
  7. Bookkeeping Ethics I | Week 7
    2 Topics
  8. Bookkeeping Ethics II | Week 8
    2 Topics
    |
    1 Quiz
  9. Ledger Entries | Week 9
    3 Topics
    |
    1 Quiz
  10. Petty Cash Book | Week 10
    5 Topics
    |
    1 Quiz



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Bank - Business Studies

Definition of a Bank

A bank is a financial institution set up to handle financial transactions. They keep money and other valuable items for the government, firms, and individuals until they are needed for their own use.

Apart from the central bank, the following are some of the different types of banks commonly found in Nigeria.

1. Commercial Bank.

2. Merchant Bank.

3. Mortgage Bank.

4. Co-operation Bank.

5. Community Bank.

6. Development Bank.

7. Industrial Bank.

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