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SS2: COMMERCE - 2ND TERM

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  1. Marine Insurance | Week 1
    3 Topics
  2. Non-insurable Risks | Week 2
    4 Topics
  3. Banking - Central Bank of Nigeria | Week 3
    3 Topics
    |
    2 Quizzes
  4. Types of Account | Week 4
    4 Topics
    |
    2 Quizzes
  5. Warehousing | Week 5
    1 Topic
    |
    1 Quiz
  6. Capital | Week 6
    2 Topics
    |
    1 Quiz
  7. Credit | Week 7
    3 Topics
    |
    3 Quizzes
  8. Profit | Week 8
    2 Topics
  9. Turnover | Week 9
    3 Topics
    |
    2 Quizzes
  10. Business Law | Week 10
    8 Topics



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Meaning of Bank

A Bank is a commercial institution which performs various financial activities e.g. accepting and handling deposits of its customers. It is a body of persons who carry on the business of banking. Banks are institutions that create money and give out loans to people. In summary, a bank is a place where money and other valuables like a will, jewelry, etc. are kept. 

Types of Banks

  1. Central Bank
  2. Commercial Bank
  3. Merchant Bank
  4. Savings Bank
  5. Development Bank
  6. Agricultural Bank
  7. Mortgage Banks

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