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June 2015

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Commercial Banks

Notes, O Level Commerce Notes, Ordinary Level Notes

Commercial Banks

By garikaib|2022-09-15T12:43:44+02:00June 30th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Money and Banking: Commercial Banks

Commercial Banks

Is a bank that offers services to the general public and to companies.
For example Barclays, Standard Chartered, Stanbic and BancABC.

Services offered

They accept deposits in the form of current, savings and fixed deposits accounts.
They receive or make payments through cheques, direct debit and credit transfers.
They […]
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Discount Houses and Merchant Banks

By garikaib|2022-09-15T12:43:46+02:00June 30th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Tetrad Bank. Image credit zimobinews.com

Tetrad Bank. Image credit zimobinews.com ZIMSEC O Level Commerce Notes: Money and Banking: Discount Houses and Merchant Banks

Discount Houses

A discount house is a financial institution that participates in the buying and discounting of bills of exchange and other financial products such as money markets, certain government […]
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