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  1. Definition of a Bank
  2. Types of Banks
  3. Commercial Banks
  4. Types of Bank Accounts
  5. Credit Facilities Provided by Commercial Banks
  6. Ways Commercial Banks Create Credit or Money
  7. Limitations to Credit Creation by Commercial Banks
  8. The Central Bank
  9. How Central Bank Controls the Commercial Banks
  10. Differences between Central Bank and Commercial Banks
  11. Development Banks
  12. Merchant Banks
  13. Mortgage Banks
  14. Insurance Companies


Definition of a Bank

A bank is a commercial institution which performs various financial activities, e.g. accepting and handling of deposits of its customers. Bank is also a place where money and other valuables like will, jewellery, etc. are kept

Types of Banks

  1. Commercial banks
  2. Central bank
  3. Merchant banks
  4. Development banks
  5. Savings bank
  6. Mortgage bank

Commercial Banks

Commercial banks are financial institutions which accept deposits and other valuables from the public for safe keeping, with the sole aim of making profit.

Lesson tags: Economics Lesson Notes, Economics Objective Questions, SS2 Economics, SS2 Economics Evaluation Questions, SS2 Economics Evaluation Questions Third Term, SS2 Economics Objective Questions, SS2 Economics Objective Questions Third Term, SS2 Economics Third Term
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