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Merchant and Clearing Banks

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Merchant and Clearing Banks

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by AvatarJohn Moffat.
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  • May 7, 2017 at 5:42 pm #385230
    Avatarrustamrakhmatov27
    Member
    • Topics: 156
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    Whats the difference between Merchant, Central and Clearing banks?

    May 7, 2017 at 7:51 pm #385248
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
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    • ☆☆☆☆☆

    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.

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