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A Bank Is A Financial Institution That Accepts Deposits From The Public and Creates Credit
A Bank Is A Financial Institution That Accepts Deposits From The Public and Creates Credit
A Bank Is A Financial Institution That Accepts Deposits From The Public and Creates Credit
In simple words, Banking can be defined as the business activity of accepting and safeguarding money owned by other
individuals and entities, and then lending out this money in order to earn a profit.
There are two types of banks: commercial/retail banks and investment banks. In most countries, banks are regulated by
the national government or central bank. Sorry, the video player failed to load.
The main difference between other companies and banks is that, other companies are trading goods and services for
money, but in the case of bank the trading item itself is MONEY, instead of tangible goods or intangible services. ... All
the activities carried out by a bank is called banking.
Banks work by paying its customers to lend them money. When a person deposits money into their bank account, the
bank can then lend other people that money. ... To make money for itself, the bank keeps the difference.
Central Bank. Every country has its own Central Bank. ...
Industrial Banks. Industrial banks are also called as Investment Banks. ...
Private Bankers