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BANKS - Coggle Diagram
BANKS
What do they do?
BORROW
and
LEND
money
Intermediaries between customers
Services:
Bank account
Credit/debit cards
Cashless payments
HISTORY
Middle Age in Italy
Word derive from
"BANCO"
Merchants needed to save gold during travels
DIFFERENT TYPES:
Central banks
Control a Nation's finance
Regulate others banks
Manage national
currency
Investment banks
Provide services for:
Large businesses
Rich investors
Offshore banks
Located in tax-free countries
Retail banks
Provide services for
Small businesses
Public
EBANKING
Online banking
PROS:
Reduces bank’s expenses
Services available 24 hours
CONS:
Diffficult to use for the elderly
Less job