What do you mean by banking?

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What do you mean by banking?

2007-08-06 21:43:23 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance

3 answers

In general terms, banking is 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. The fundamental functions of a commercial bank during the past two centuries have been making loans, receiving deposits, and lending credit either in the form of bank notes or of "created" deposits. The banks in which people keep their checking accounts are commercial banks.

2007-08-06 23:38:08 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋

What Is Mean By Banking

2016-12-11 16:04:06 · answer #2 · answered by klingbeill 4 · 0⤊ 0⤋

commercial bank

2014-02-03 18:07:10 · answer #3 · answered by Md 1 · 0⤊ 0⤋