Bank and Loan Flashcards
What are the 2 things that Central Bank do?
They print out money and they control of other banks.
What are the commercial bank do?
They accept deposits into saving account and lend money to businesses.
What was the first commercial bank in Thailand?
Siam commercial bank or SCB
How many kind of special banks?
3
What are the 3 kinds of special banks?
Government Savings Bank, BAAC,and Government Housing Bank
To get money in the bank
deposit
To get money out of the bank
withdrawal
Use what to get the money in and out the bank?
use deposit and withdrawal slip
What is loan?
is an agreement between the bank and the borrower receives an amout of money.
How many kinds of loan system?
2
What are the two kinds of the loan system?
There are formal loan system and informal loan system.
Give one example for each kind of loan system
Formal loan system such as commercial bank and informal loan system such as loan shark.
Why it is important to have a loan agreement?
It’s good to have loan agreement because if they doesn’t pay back they can go in jail.
What’s next!
The end!
