Banking is a field which is in very high demand nowadays and thus competition is increasing day by day. So to face that competition you need to be very good with your banking knowledge and information. Our company myhomeworkhelp.comwill provide you with bank information homework help which will allow you to get successful in this field.
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What is a bank?
Banks are financial institutions that carry out lending and borrowing money to and from the customers thereby creating credits. There are many ways through which this lending and borrowing activities are carried out in a bank. Banks are the most important institution in almost all the countries because it influences the financial system of the economy in a great way. One needs to be very clear with all kinds of banking terms in order to be a part of it.
Different kinds of banking activities:
- Retail banking.
- Business banking.
- Corporate banking.
- Private banking.
- Investment banking.
Types of banks:
- Commercial banks.
- Community banks.
- Land development banks.
- So-operative banks.
- Postal savings banks.
- Private Banks.
- Offshore banks.
- Saving banks.
- Central bank.
Functions of commercial banks:
- Accepting deposits.
- Advancing loans.
- Agency functions.
- General utility functions.
Function of a Central bank:
- Issues currency.
- Controls credit.
- Lender of last resort.
These some of the basic knowledge a student should have in order to pursue their career in banking field. The role of commercial banks and central bank is very different from each other. So to be very clear with all kinds of banking terms our websitemyhomeworkhelp.com is ready to provide bank information assignment help.
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