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BANKING AND FINANCE: - Coggle Diagram
BANKING AND FINANCE:
the are different type of cards banks:
debit cards
= they are linked to a banck account and can be used a POS
credit cards=
they borrow money from their bank
ATM CARDS
= can be used at a ATM to withdraw cash or check an account balence
banks serve
the needs of increasingly diverse customers
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from individuals to businesses, governements and municipatities
provide:
firms
investiment schemes
borrowing and lending money
accepting and borrowing money:
is the main function of the banks
it is can be done throu:
currents accounts
deposit account
banks
can lend money
to private and business clients in these ways:
loan
discounting bill of exchange
by overdraft