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SS1: ECONOMICS - 3RD TERM

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  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




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Topic Content:

  • Meaning of Mortgage Bank/Building Society
  • Evaluation Questions
mortgage bank

A mortgage bank is a financial institution that specialises in granting long-term loans to individuals and corporate bodies for building purposes.

 

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Evaluation Questions

1. Outline the instruments used by the central bank to control commercial banks.

Answer:

i. Open market operation

ii. Cash ratio or reserve ratio

iii. Liquidity ratio

iv. Bank rate/interest rate

v. Selective credit

vi. Moral suasion

vii. Special deposit

 

2. Mention three functions of Merchant banks.

Answer:

i. Accepting deposit

ii. Corporate financing

iii. Underwriting of securities

iv. Issuing houses

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