Bank and Loan Flashcards
What are the 3 types of banks
Central bank, Commercial Bank, and Special Bank
What does a central bank do (2 examples)
Print banknotes, Supervise and examine other banks etc
What do commercial banks do
1) Accepts cash deposit
2) Lend money
etc.
What are the 3 types of special banks
The government savings bank
Bank for Agriculture and Agricultural cooperatives
Government housing bank
What si the word for the following definition: The depositing of cash into a bank account
Cash deposit
What are the 2 types of Loan system and give example of each
formal loan (commercial banks etc) informal loan (loan shark etc)
Who created the sufficiency economy
The king of Thailand
What are the 3 main principle of the sufficiency economy
moderation Self immunity reasonableness
What are the 2 conditions of the sufficiency ecnomy
Knowledge and Virtue condition
what are some ways that you can practice the sufficiency economy at home and at school
practice reusing reducing and repairing, be united with classmates in groupwork
What are 2 main principles of a cooperative
Open membership to everyone on the community
Require members to cast votes and make decisions
What are 2 advantages of being a cooperative member
members have loan source, the power to buy and sometimes people give special training to the members
What are 3 types of cooperative
agricultural
fishery
etc
