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? SECTION 8: BUSINESS FINANCE

SPECIFIC OBJECTIVES financial CONTENT

Students should be able to: Financial institutions:
(a) Central bank.
1. identify various (b) Commercial banks.
institutions; (c) Non-bank financial institutions:

2. describe the functions and services (i) Credit unions;
offered by financial institutions; (ii) insurance companies; and,
(iii) building societies.
(a) (d) Micro-lending agencies.
(e) Government agencies.
Functions offered by financial institutions:
(a) loans/ credit facilities;
(b) savings and deposits;
(c) making payments; and,
(d) investments.
Services offered by financial institutions:
(a) night safe deposits;
(b) online banking;
(c) advisory services;
(d) credit and debit cards;
(e) trustee work;
(f) deposit boxes;
(g) ATM/ABM services;
(h) e-trade;
(i) settlement services; and,
(j) remittance services.

CXC 08/G/SYLL 17 38