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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Merchant and Clearing Banks
Whats the difference between Merchant, Central and Clearing banks?
Clearing banks are the normal banks that we all use.
Merchant banks are there mainly to help large companies raise finance (helping with share issues etc.)
Central banks are the banks to the relevant government that help the government raise finance,and regulate the other banks.
