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------- receive customers' deposits and lend mortgages to buy homes (houses and flats).
---------- pass cheques and other payments (credit card
payments, direct debits,
etc.) through the banking system.
---------- give financial advice to large companies, raise capital for them by issuing stocks or shares and bonds, organize mergers and takeovers, etc.
------- supervise the banking system, hold part of commercial banks' reserves, manage a country's gold and foreign currency reserves, implement monetary policy, fix the minimum interest rate, issue coins and banknotes, control the money supply, and act as lender of last resort.
----------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.
-------- manage the assets of rich people (or high net worth individuals)
---------- receive and hold customers' deposits in current and savings accounts, pay money according to customers' instructions, lend money to individuals and small businesses, etc.
Match the words from sheet with
Answer -4-
Answer -3-
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