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SS1: ECONOMICS - 3RD TERM

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  1. Mining | Week 1
    3 Topics
    |
    1 Quiz
  2. Financial Institution I | Week 2
    6 Topics
  3. Financial Institutions II | Week 3
    5 Topics
  4. Financial Institutions III | Week 4
    5 Topics
    |
    3 Quizzes
  5. Business Organisation | Week 5
    3 Topics
  6. Money | Week 6
    5 Topics
    |
    1 Quiz
  7. Channels of Distribution I | Week 7
    4 Topics
  8. Channels of Distribution II | Week 8
    6 Topics
    |
    1 Quiz
  9. Business Finance | Week 9
    7 Topics
    |
    1 Quiz



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mortgage bank

A mortgage bank is a financial institution that specialises in granting long term loans to individuals and corporate bodies for building purposes. Such loans are repaid in installments and can be spread over several years. It is also called building society. It is a financial institution established for the acceptance of fixed deposits from members of the public with the aim of encouraging them to build their own houses by offering them long term loans.

Evaluation Questions

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

2. Mention three functions of Merchant banks

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Evaluation Questions

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

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

i. Accepting deposit

ii. Corporate financing

iii. Underwriting of securities

iv. Issuing houses

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