WHAT DOES EXIM BANK JAMAICA DO?

Q: A country with a fixed exchange rate experiences downward pressure on the exchange rate value of its…

A: The exchange rates in financial markets are rates at which the currencies of different countries are…

Q: What are the main commercial services offered by banks? can you answer in your own words

A: The central bank of a country is the apex financial institution in the country and is responsible…

Q: How does World Bank work?

A: World Bank: The World Bank is an international organization that delivers financing, guidance, and…

Q: What factors led to the success of Grameen Bank?

A: The bank is a financial organization that accepts the deposits from the public in order to provide…

Q: Islamic banking

A: Islamic banking is a system of banking in accordance with the rules of the Shariat. There is no…

Q: What are the main sources of funding for commercial banks?

A: Banks are a financial institution that receives money from customers and makes a loan to the…

Q: What are the advantages and disadvantages of direct lending for the bank?

A: Direct lending for banks refers to a lending strategy where banks provide loans directly to…

Q: What is retail banking?

A: Banking refers to a financial institution that lends money and receives deposits from its customers…

Q: When can we used credit union?

A: Credit unions are the institutions or co-operatives that give banking services. These unions are…

Q: What is home currency?

A: Home currency is a currency that is functional in the country in which business is situated. For…

Q: What are some of the assets and liabilities associated with credit cards?

A: Introduction: A credit card can be defined as a small piece of card which is offered by banks or any…

Q: What are the functions of Development Bank of the Philippines and what do they do/mandate?

A: The Development Bank of the Philippines (DBP) is a government-owned financial institution in the…

Q: What are the different types of SSS loans?

A: A SSS loan is given in the Philipines, which is majorly divided into three categories.

Q: As a student, how does comercial banks important?

A: A commercial bank seems to be a financial organization that accepts deposits from the common public…

Q: How Do We Manage our Credit Card Debt?

A: There are many ways to manage the credit card debt. Some of them are below: Pay more than the…

Q: Are merchant banks relevant to the Ugandan economy?

A: Meaning of Merchant Bank :- A merchant bank can be classified as the type of financial intermediary…

Q: What’s the difference between a commercial bank and an investment bank?

A: A financial institution that provides services such as accepting the deposits and providing the loan…

Q: how banks can improve their services like deposits ?

A: Deposit is a primary service that is offered by banks to their customers. Deposits provide interest…

Q: What are the functions of Al-Amanah Islamic Bank of the Philippines and what do they do/mandate?

A: Al-Amanah Islamic Bank of the Philippines is a government-owned and controlled bank that operates…

Q: What are the credit transfer markets?

A: Financial market is called as a place where all securities such as bonds, shares, debentures etc.…

Q: what does to bank mean in general entrie nuymber 1?

A: Journal entries refers to the entries which are made at the end of the period or year and it records…

Q: What is the process of Borrowing with Credit Cards?

A: The credit card is a vital instrument to upsurge the buying power. The credit card facility aids to…

Q: What are the different types of deposit accounts and loans offered to customers Bank Nizwa in Oman?…

A: About Bank Nizwa: Bank Nizwa is Oman's first dedicated Islamic bank. Bank offers entire portfolio…

Q: What do you kow about World Bank

A: World Bank is owned by 187 countries that is considering it for the purpose of lending funds. World…

Regulation of Commercial Banks

The main function of any commercial bank is accepting deposits and lending money to borrowers. Apart from these two activities, commercial banks provide a host of other services to their customers, like discounting bills of exchange, acting as a custodian of a customer's will, and so on. In the absence of a proper regulatory framework or proper regulations in place, the commercial banks would have ended up charging exorbitant or varied rates of interest or service charges on the funds loaned by them or the services performed by them.