Banks Flashcards
1
Q
Central Banks
A
A Bank such as Bank of England, Federal Reserve or European Central Bank that acts as a national bank and provides the Government and the Banking system with money as well as controlling monetary policy
2
Q
Commercial Banks
A
A financial institution which aims to make to make profit by selling banking services to its customers
3
Q
Investment Banks
A
A bank which does not generally accept deposits from the public. Offer financial advice and consultancy help with stocks market, flotation. Deal directly in financial markets for their own account.
