Page 39 - BA1 Integrated Workbook STUDENT 2018
P. 39

Chapter 3






                  Financial context of business – I









                          Outcome




               By the end of this session you should be able to:

                    explain the role of various financial assets, markets and institutions in assisting
                     organisations to manage their liquidity position and to provide an economic
                     return to providers of liquidity

                   explain the role of commercial banks in the process of credit creation and in
                    determining the structure of interest rates and the roles of the 'central bank' in
                    ensuring liquidity

               and answer questions relating to these areas.



















                 The underpinning detail for this Chapter in your Integrated Workbook can
                 be found in Chapter 3 of your Study Text





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