Intro to Business › Section O · Money and financial institutions › Topic O.3
Banks and other financial institutions
A business needs somewhere safe to keep its cash, a way to pay and be paid, and access to credit when sales and bills fall out of step. Banks, credit unions and a range of other institutions provide these services by standing between savers and borrowers.
In this topic
- Matching savers with borrowers
- Financial intermediation
- Depository institutions: commercial banks
- How a bank earns its living
- Worked example: a bank's interest margin
- Thrifts and credit unions
- Services for businesses
- Worked example: applying the five Cs
- Nondepository institutions
- Common mistakes to avoid
- Key takeaways
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