Key Terms And Figures Flashcards
0
Q
What % of funds must a building society draw from share accounts of its members?
A
50%
1
Q
What size transactions normally occur in the money markets?
A
£50,000 or more
2
Q
What are Open Market Operations?
A
When Central bank removes cash from the banking system when there is a surplus and injects it when there is a deficit
3
Q
What are the terms used to describe banks providing life assurance?
A
Bancassurance or all finanz
