Banks & Financial Markets Flashcards
1
Q
Name some examples of Financial Intermediaries.
A
- Banks
- Insurance Companies
- Credit Unions
- Investment Companies
2
Q
What are the 5 types of banking?
A
- Consumer Banking
- Private Banking
- Small Business Banking
- Corporate Banking
- Investment Banking
3
Q
What is a Financial Market?
A
A market where financial assets are traded.
4
Q
What is a bond?
A
An amount invested in a company by an investor in return for a ‘coupon’, a % of the bond itself.
Similar to a loan with interest.
5
Q
What are the 4 major infrastructure providers in financial markets?
A
- Clearing Houses
- Central Securities Depositories
- Custodian Banks
- Payment Infrastructure Providers
6
Q
What are the 4 steps in an electronic payment process?
A
- Initiation
- Authorisation
- Clearing
- Settlement
