Commercial bank activities

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  • Commercial Bank Activities
    • Keep money safe
      • (deposit accounts (+interest))
        • Bank pays you money
      • (current accounts - day to day spending/debit card)
    • Transfer of money and payment
      • (standing order, you tell the bank to pay a specified amount to the same person every month)
      • You allow a company to take money from your account to pay their bills
    • They lend money
      • To people and companies
        • - Loan, paid back over a few years
        • Small accounts, credit cards, mortgages etc
  • They lend money
    • To people and companies
      • - Loan, paid back over a few years
      • Small accounts, credit cards, mortgages etc

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