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receive and hold customers’ deposits in current and savings accounts, pay money according to customers’ instructions, lend money to individuals and small businesses, etc.
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give financial advice to large companies, raise capital for them by issuing stocks or shares and bonds, organize mergers and takeovers, etc.
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receive customers’ deposits and lend mortgages to buy homes (houses and flats)
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supervise the banking system, hold part of commercial banks’ reserves, implement monetary policy, fix the minimum interest rate, issue coins and banknotes, control the money supply, and act as lender of last resort.
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manage the assets of rich people (or high net worth individuals).
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pass cheques and other payments (credit card payments, direct debits, etc.) through the banking system.
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do not pay interest to depositors or charge interest to borrowers, for religious reasons, but invest in companies and share the companies’ profits (or losses) with the bank’s depositors.
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provide financial services and make very small loans (microcredits) to poor people in developing countries, to help them set up in business.
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provide financial protection against loss, offer life insurance, etc.
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Mutual funds or investment funds start learning
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are investment companies that pool money from many inventors and invest is in stocks, bonds, and other securities.
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are private investment funds for wealthy investors that use high-risk, speculative strategies that are not used by ordinary mutual funds, in order to achieve higher returns.
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a bank that will lend money to financial institutions in difficulty if no other bank will. Pożyczkodawca ostatniej instancji
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a certificate representing one unit of ownership of a company.
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an interest-paying debt certificate issued by the government or companies to raise money.
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To implement monetary policy start learning
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decisions concerning the money supply, exchange rates, and the level of interest rates. Wprowadzać politykę monetarną
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funds which banks have to hold to allow depositors to withdraw money.
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the money invested in a business.
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the price paid for borrowing money, paid to the lenders.
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the total amount of money in circulation in an economy.
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when two or more companies join together.
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