Banking explained-Money and credits The bank is an organization where the people of a country deposit money who have excess amounts of money and to give the loans to the businessmen who need credit. Banking is a process of depositing money and investing in clients in a systematic way. Dr. […]
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Bank Definitions-Functions-Types-Objectives Bank Definitions-Functions-Types-Objectives: BANK is a financial institution or corporation which deals with money and its substitutes; it also provides other financial services. Banks accept deposits and make loans and obtain a profit from the difference in the interest paid to lenders (depositors) and charged to borrowers, respectively. […]
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