0
In many economies there are three basic types of banking institutions. This does not apply to all economies. Here are three commonly known types:
A. A central banking system that is created by a government to help regulate the monetary policies of an economy and often act as the government's banker;
B. Commercial banks that handle both consumer & business transactions such as lending; and
C. Wholesale banks, which deal primarily with large corporate organizations.
There are many other smaller types of banking such as credit unions & savings banks.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Describe the 4 basic economic systems?
the are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like comunism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success.
What are the four basic economic systems around the world?
There are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like communism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success. Free-market and command (apex)
Why have market economies far exceeded all other types of economies in the production of new and better products?
In market economies, firms developing new and better products are often able to earn larger than normal profits.
Why have market economies far exceeded all other types of economies in the production of new and better production?
in market economies firm develping new and better products are often able to earn larger than normal profits.
It is a system whereby goods are produced and exchanged?
An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse. There are three main types of economies: free market, command, and mixed.
What are the three main types of economies?
Command, traditional, and market economies
What are types of banks found in the Bahamas?
offshore and commercial bank
What are the three types of interest rates in banks?
mortages loan
What were two types of economies found among Native American groupes?
how should i know i am asking u
What two types of economies found among different Native American groups?
how should i know i am asking u
What are three types of institutions in which people usually keep their savings?
Commercial banks, savings and loan banks, credit unions
What were two types of economies found among the different Native American groups?
how should i know i am asking u
Where is the three types of Archaea found?
in the eyebrow
What three types of weathered rock particles found in soil?
Clay, silt, and sand are the three types of weathered rock particles found in soil.
What are the two types of banks?
types of commercial banks are: 1) public sector banks 2) private sector banks....
Of the three types of economies command market and traditional which does the following fit into Rich Americans tend to send their children to private schools.?
traditional
What are the three grasslands found in India?
There are three types of grasslands... Prairies, Tall-Grass, and Short-Grass. I am not sure if all three are in India, but these are the types of grasslands found throughout the world.
