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ZIMSEC O-Level Economics

6.12.2Financial institutions and the central bank

Financial institutions and the central bank in ZIMSEC O-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives

What the syllabus expects you to be able to do.

  1. 6.12.2.1Form 3: describe the role of commercial banks, merchant banks and building societies in an economy.
  2. 6.12.2.2Form 3: explain the functions of a central bank, using the Reserve Bank of Zimbabwe.

Lessons

  • Commercial banks, other financial institutions and the central bank

    30 min

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Sample question

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Financial institutions and the central bank: sample question

1 mark

The government's accounts are held, and its payments made, by the central bank. This is the central bank's role as

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