JSS2: BUSINESS STUDIES – 2ND TERM
Bank Services | Week 18 Topics|1 Quiz
Insurance | Week 26 Topics|1 Quiz
Personal Qualities of an Entrepreneur | Week 31 Topic|1 Quiz
Business Opportunities | Week 42 Topics|1 Quiz
Consumer Rights and Responsibilities | Week 52 Topics|1 Quiz
Shopping Tips | Week 64 Topics|1 Quiz
Bookkeeping Ethics I | Week 72 Topics
Bookkeeping Ethics II | Week 82 Topics|1 Quiz
Ledger Entries | Week 93 Topics|1 Quiz
Petty Cash Book | Week 105 Topics|1 Quiz
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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.