They were neer concentrated on profit as a melodic line but with the changing time & with the highly growing parsimoniousness condition the role of banking is also been changed instead of only facility provider it has also become a profit divine with new attractive face The business of banks is buying and throw coin: They buy coin (deposits) with interest rates They deceive money (loans) for a fee (interest) The difference between what they even up 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 however hold and protect your money they give it to someone else: consequently , they really have usable only a miniscul! e function 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 quote 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 engagement 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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