Question
State four services offered by a commercial bank to its consumers.
Answer
- Acceptance of deposits
- Safeguarding valuable items.
- Advancing loans, overdrafts.
- Offering management services.
- Advisory services.
- Foreign exchange services.
- Act as intermediary between saves and borrowers.
- Act as referee
- Remittance services,
- Trustee services.
- Act as guarantors
- Acts as agents e.g. receiving interest on behalf of customers
- Safeguarding valuable items.
- Advancing loans, overdrafts.
- Offering management services.
- Advisory services.
- Foreign exchange services.
- Act as intermediary between saves and borrowers.
- Act as referee
- Remittance services,
- Trustee services.
- Act as guarantors
- Acts as agents e.g. receiving interest on behalf of customers
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