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WEEK 1 - Coggle Diagram
WEEK 1
Retail banking
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Vocab
Direct debit: An instruction to a bank to pay varying sums of money to another account on an partcular dates
Current account: Pays no or little interest, but usually allows the holder to withdraw cash or pay cheques without any restriction
Standing order: An instruction to a bank to pay regular, fixed sums of money to another account
Retail banking
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Investment banking
More sophisticated, more specialized but often more dangerous
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