Microeconomics IGCSE

3.1 Money and banking

The Central Bank (FED) is the banker for the government and carries out monetary policies to stabilise the economy. Commercial banks (HSBC) provide financial services for both consumers and firms.

3.1 Money and banking.pptx

3.1 – Money and BankingMoney What is money? A medium of exchange of goods and services. Why do we need money? We need money in order to exchange goods and services with one another. This is because we aren’t self-s…

IGCSE Economics 0455- BankingCommercial Bank A commercial bank is a type of bank that provides services such as accepting deposits, making loans, and offers basic banking services to households and firms to make a profit. The …

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