financial institutions
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6 Terms
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Financial institutions
A place that provides financial services to consumers eg a bank
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Commercial banks
A financial institution that provides money related services eg current accounts
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Current account
Used for daily transactions with no interest
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Credit union
A cooperative financial institution owned by the people who save and borrow from it members must have a common bond liek their area
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Online banking
Rather than visiting a bank people mange their accounts on the internet
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Note 
Flashcards (58)