SS1: ECONOMICS - 3RD TERM
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Mining | Week 13 Topics|1 Quiz
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Financial Institutions I | Week 27 Topics|1 Quiz
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Financial Institutions II | Week 35 Topics|1 Quiz
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Financial Institutions III | Week 45 Topics|1 Quiz
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Business Organisation | Week 53 Topics
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Money | Week 65 Topics|1 Quiz
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Channels of Distribution I | Week 75 Topics|1 Quiz
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Channels of Distribution II | Week 86 Topics|1 Quiz
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Some Reasons that May Warrant the Termination of the Middleman in the Channel of Distribution
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Ways of Improving the System of Distribution of Consumer Goods in West Africa
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Why There Are Relatively Fewer Manufacturing Activities in Africa Compared with Advanced Countries
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The Role of Co-operative Societies in Distribution of Goods
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The Role of Government Agencies in Product Distribution in Nigeria
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Problems of Distributive Trade
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Some Reasons that May Warrant the Termination of the Middleman in the Channel of Distribution
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Business Finance | Week 97 Topics|1 Quiz
Commercial Banks
Topic Content:
- Meaning of Commercial Bank
- Functions of Commercial Banks

Commercial banks are financial institutions that are established as joint-stock companies with the aim of making a profit. It is a financial institution that accepts deposits, and valuables from the public for safekeeping and it creates credit by granting advancing short-term and medium-term loans to all eligible customers.
They are owned by private individuals, institutions or governments. Commercial banks are limited liability companies.
Examples of commercial banks are First Bank, GT Bank, Skye Bank, Access Bank, Diamond Bank, etc.
The instruments that commercial banks use to grant loans are as follows;
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