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Why are banks so important to the economy?
Banks are indispensable in every walk of life. Banks are the nerve centre of trade, commerce and business of an economy. Banking plays a very important role in the economic development of all the nations of the world. In fact, banking is the life-blood of commerce.
Which is the best introduction to banking essays?
Introduction: Banking Introduction As almost everyone in the world has dealt with some type of banking, whether it be used a safe place that handles cash, credit, and other financial transac... Example essay. Last modified: 8th Feb 2020 Introduction: Critically analyse and evaluate an operation using one or two of the topics from the module.
Which is the best description of a bank?
A banking system referred as a system provided by the bank which offers cash management services for customers, reporting the transactions of their accounts and portfolios, throughout the day.
What is the meaning of the word banking?
According to Banking Regulation Act, 1949, “The word banking as “the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise and with draw able by cheque, draft, order or otherwise.”
Last Update: Oct 2021
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