
They were neer concentrated on profit as a origin but with the changing time & with the highly growing parsimony condition the role of banking is also been changed instead of only elan provider it has also become a profit churchman with new attractive face The business of banks is buying and switch over coin: They buy bills (deposits) with interest rates They handle money (loans) for a fee (interest) The difference between what they collapse for money and what they birth for it is called the float - the source of the banks revenues and profits. ?This provides an efficient assignation of scarce resources. ?It also means that banks do not practiced hold and protect your money they give it to someone else: consequently, they actually have usable only a down(p) destiny of the! money that has been deposited Banking: benignant in the business of keeping money for savings and checking Accounts or for exchange or for issuing loans and ascribe etc. sell: the selling of goods to consumers; usually in small quantities and not for Resale. Retail Banking: Retail banking is typical mass-market banking where individual customers routine local branches of larger commercial...If you want to wash up a full essay, order it on our website: OrderCustomPaper.com
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