Discount Houses and Merchant Banks

By |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 [‚Ķ]

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