Flashcards
1
Q
M
A
M
2
Q
List 7 types of Financial Institutions in Singapore
A
3
Q
Explain Function of Commercial Banks
A
Commercial Banks act as financial intermediaries between depositors and borrowers, and they offer a wide range of financial products and services which serves personal and corporate clients.
4
Q
Explain Function of Merchant Banks
A
Merchant Banks act as financial intermediaries between depositors and borrowers, and they provide a wide range of financial products and services which serves to the business and communities, public institutions, international borrowers and lenders. However, they are clients based so it means they serve mainly corporate clients.
5
Q
Explain Function of Finance Companies
A
Finance companies Ds
