BANK SERVICES

BUSINESS STUDIES FOR JSS2 SECOND TERM

SUB -THEME: COMMERCE-THE HEART OF BUSINESS

WEEK 2

BANK SERVICES

Performance objectives:

The student should be able to:

    1. Define Bank
    2. State the types of banks
    3. Define commercial bank
    4. Explain services provided by a commercial bank
    5. Identify ethical issues in banking

 

Contents:

Meaning of Bank

Money can also be borrowed from the banks for business activities or for personal use. Banks play an important role in buying, selling and distribution activities in the economy.

Types of Banks

There are different kinds of banks in Nigeria. They include

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