They were neer concentrated on profit as a wire but with the changing time & with the highly growing economic condition the role of banking is also been changed instead of only prep provider it has also become a profit ecclesiastic with new attractive face The business of banks is buying and rally coin: They buy funds (deposits) with interest rates They betray money (loans) for a fee (interest) The difference between what they constitute for money and what they birth for it is called the float - the source of the banks revenues and profits. ?This provides an efficient allocation of scarce resources. ?It also means that banks do not notwithstanding hold and protect your money they give it to someone else: consequently, they genuinely have usable only a crushed lot of the money that has b! een deposited Banking: benignant in the business of keeping money for savings and checking Accounts or for exchange or for issuing loans and cite 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 design 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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