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Created by Nikolas Reece
over 8 years ago
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Functions of the financial sector inc postlude
Central Bank Function:
Oversee the financial sector
Central Bank Function:
Implement monetary policies
Central Bank Function:
Producing and issuing domestic currency
Central Bank Function:
the lender of last resort
Central Bank Function:
It manages foreign exchange reserves
Central Bank Function::
It manages the national debt
Commercial Banks
commercial bank services:
Safekeeping & Security
commercial bank services:
offer various payment services
commercial bank services:
trading foreign currency
commercial bank services:
distribute notes and coins in local currency
share market (stock market)
dividends
stock broker
credit union
development bank
insurance
insurance premium
building societies
mutual fund
investment trust company
financial instruments (securities)
debt security
equity securities
treasury bills
treasury bonds
corporate bond
municipal bond
the informal sector
advantages of the informal sector
disadvantages of the informal sector
Sou sou