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ZIMSEC O-Level Business Enterprise and Skills

7.5.6Financial institutions

Financial institutions in ZIMSEC O-Level Business Enterprise and Skills: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic31 practice questions2 lessons
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Overview

Form 3: merchant banks, commercial banks, discount houses and others.

Learning objectives

What the syllabus expects you to be able to do.

  1. 7.5.6.1Identify different types of financial institution.
  2. 7.5.6.2Explain the functions of different financial institutions.

Lessons

  • Merchant banks, building societies and other financial institutions

    30 min

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  • The banking system and commercial banks

    35 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Financial institutions: sample question

1 mark

A landlord is paid the same rent on the first day of every month from a tenant's account, on the tenant's instruction. Which service is used?

Choose one answer

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