Back to Course

SS1: ECONOMICS - 3RD TERM

0% Complete
0/0 Steps
  1. Mining | Week 1
    3 Topics
    |
    1 Quiz
  2. Financial Institutions I | Week 2
    7 Topics
    |
    1 Quiz
  3. Financial Institutions II | Week 3
    5 Topics
    |
    1 Quiz
  4. Financial Institutions III | Week 4
    5 Topics
    |
    1 Quiz
  5. Business Organisation | Week 5
    3 Topics
  6. Money | Week 6
    5 Topics
    |
    1 Quiz
  7. Channels of Distribution I | Week 7
    5 Topics
    |
    1 Quiz
  8. Channels of Distribution II | Week 8
    6 Topics
    |
    1 Quiz
  9. Business Finance | Week 9
    7 Topics
    |
    1 Quiz

Quizzes




  • Kofa Study
Lesson Progress
0% Complete

Below are some problems facing Commercial Banking in Nigeria:

1. Lack of necessary Collateral Securities: Most prospective borrowers do not possess this quality and it reduces lending power which affects banks’ prospects.

 

You are viewing an excerpt of this Topic. Subscribe Now to get Full Access to ALL this Subject's Topics and Quizzes for this Term!

Click on the button "Subscribe Now" below for Full Access!

Subscribe Now

Note: If you have Already Subscribed and you are seeing this message, it means you are logged out. Please Log In using the Login Button Below to Carry on Studying!

Responses

Your email address will not be published. Required fields are marked *

Evaluation Questions

1. How do commercial banks create money?

Answer – Commercial banks create money by accepting deposits from customers and giving the deposits out as loans and overdrafts to borrowers after deducting cash or reserve ratio. The law requires all banks to maintain a cash or reserve ratio.

2. List and explain two examples of Banking Financial Institution

Answer

i. Commercial banks e.g. First bank, Union bank, etc.

ii. Development banks e.g. Bank of Industry, Nigeria Industrial Development Bank (NIDB)

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .
error: Alert: Content selection is disabled!!