Government — Page 31 Of 108

Difference Between Central Bank and Commercial Bank

Central bank is a financial institution which controls and supervises the entire monetary system of a country while Commercial bank may be defined as a financial institution which carries out retail banking services, set up for keeping and lending money to people, owned by organisations, individual or governments, for the purpose of making profits.

StudyHQ October 24, 2021

Economics

Commercial Bank: Definition, Features, Functions & Problems

A commercial bank is a joint-stock financial institution which trades in money with the sole aim of raising profits for its shareholders.

StudyHQ October 24, 2021

Economics

Capital Market: Definition, Functions & Advantages

The capital market is a financial market for trading in, long-term financial assets. It is a market for long-term loans and investments. It consists of people and organizations who wish to lend out money or to borrow on a long-term basis.

StudyHQ October 22, 2021

Economics Government & Politics

Nigerian National Petroleum Corporation (NNPC) – Functions & Problems

The Nigerian National Petroleum Corporation (NNPC) was established in 1977 by the NNPC Act No. 33, through the merger of the Nigerian National Oil Company (NNOC) and the then Ministry of Petroleum Resources. The main function of the NNPC was primarily operational while the duty of the Ministry was mainly regulatory. The new body NNPC started to perform both operational as well as regulatory functions.

StudyHQ October 19, 2021

Economics

Balance of Payments: Definition, Example, Problems & Solutions

Balance of payments is a systematic record or summary statement of accounts of all the major economic or trading transactions between a reporting country and the rest of the world, during a specific period, usually one year. Balance of payment is a summary of receipts (income) and payments (expenditure) of a country in the international accounts.

StudyHQ October 19, 2021