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Types of Bank - Coggle Diagram
Types of Bank
Banking products
Deposit account
Mortgage
Credit card
An overdraft
chequebook
Loan
foreign currency
Automatic cash dispensers/cashpoints
private pension plan or investment advice
A current account/сhecking account
CENTRAL BANKS
Supervise the banking system
fix the minimum interest rate
control the money supply
influence exchange rate
issue bank notes
act the lender of last resort
MERCHANT BANKS (in Britain)
Raise funds for industry on the various financial market
finance international trade
issue and inderwrite securities
deal with takeovers and mergers
issue government bonds
COMMERCIAL BANKS
pay money according to customer's institutions
lend money
Receive and hold deposits in current and saving accounts
offer investment advice and foreign exchange facilities
BUILDING SOCIETIES (In Britain)
provide mortgages
attract savers by paying higher interest than the banks
UNIVERSAL BANKS
Combine deposit and loan banking with other financial operations (e.g bond dealing)
FINANCE HOUSES
Lend money at several per cent over the base lending rate
INVESTMENT BANKS (In the USA)
Intermediaries offering advisory services
SUPRANATIONAL BANKS
concern with economic development