Central Bank
Oversees all financial institutions.
What does a Central Bank do?
Accepts various types of deposits. (Salary, Saving, Recurring)
What kind of deposits does it accept?
Provides services to large companies.
Who do they provide services for?
Offers savings and mortgage loans.
What kind of loans do they offer?
Owned by their respective members.
Who owns it?
Has supervisory and regulatory powers.
What control/powers does a central bank have?
Provides loans to the general public.
Who do they provide loans to?
Offers advice on corporate investments.
What do they offer advice on?
Handles money transfers and insurances.
What main 2 services do they offer?
Provides loans at competitive rates.
How do they provide their loans?
Sets standards for best financial practices.
What standards does the central bank set?
Offers savings accounts to customers.
What kind of deposits or accounts do they offer to customers?
Handles financial management.
What management services do they offer?
Competitive interest rates.
What kind of interest rates do they specialise?
Helps members through affordable credit.
What does it helps it members to do?
Exists in every country.
Where does it exist or located?
Serves businesses and the public.
What demographic or who do they cater to or serve?
Does not serve the general public.
What demographic or who do they cater to or serve?
Serves both members and customers.
Who do they cater to?
Operates on the principle of member benefit.
What principle do they operate on?
Governs commercial banks, building societies, and credit unions.
What institutions are controlled by the central bank?
Its main role is to offer financial services.
What is their main role?
Offers services other than traditional banking.
Does it offer other services?
Manages real estate transactions.
What kind of transactions do they manage?
Provides financial services like savings and loans.
What financial services do they provide?