Labour and Financial markets 0.0 / 5 ? EconomicsLabour and Financial MarketsGCSEOCR Created by: BxthxnyjxnxCreated on: 17-10-19 21:18 those who are unable to work inactive labour 1 of 13 allows good and services to be traded without the barter system medium of exchange 2 of 13 those who are willing and able to work active labour 3 of 13 How banks make money Interest rates 4 of 13 you must have enough money in your account or an agreed overdraft Debit card 5 of 13 Provides cards, saving accounts and ability for loans Commercial banks 6 of 13 They are a last resort for banks Central bank 7 of 13 You pay for this protection Insurance companies 8 of 13 Tend to offer mortgages Building Societies 9 of 13 what you pay for borrowing and receive for saving Interest rates 10 of 13 allows you to buy immediately and pay for them at a later date Credit card 11 of 13 Protects you/your property Insurance 12 of 13 provides services to customers Commercial banks 13 of 13
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