They were never concentrated on profit as a railway line but with the changing time & with the highly growing economy condition the role of banking is also been changed instead of only address provider it has also become a profit churchman with new attractive face The business of banks is buying and alternate coin: They buy coin (deposits) with interest rates They deceive money (loans) for a fee (interest) The difference between what they accept 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 honourable hold and protect your money they give it to someone else: consequent ly, they real have usable only a pocket-s! ized lot 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 deferred payment 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 substance abuse 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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