some random questions (1 Viewer)

[robm]

i just need help with a few questions im not sure of:

1. Can you please describe how a bank bill and debenture work

2. Describe what financial companies and merchant banks do

thanks in advance

 

[the-derivative]

i just need help with a few questions im not sure of:

1. Can you please describe how a bank bill and debenture work

2. Describe what financial companies and merchant banks do

thanks in advance

1. Bank bills are short term bills of exchange where large amounts of money are given immediately and the borrower promises to repay the sum of money with an agreed additional interest at a set date. It's a bank bill because the bank acts as a third party in guaranteeing the payment.

2. Merchant Banks provide financial services to the business sector and financial companies provide services like a bank, however often at more competitive rates and for smaller sums.

 

[robm]

^^ thanks that helped heaps