‚Äč

What Are the Functions of Banks?

Answer

Banks play a big role in promoting the economy by advancing loans to promote business and commerce. They act as intermediaries by receiving deposits and facilitate traders in several ways such as giving advance payments. Banks also offer a full range of retail banking products and services, such as checking and savings accounts, loans, credit cards, and lines of credit to individuals and businesses.
1 Additional Answer
The main functions of banks are numerous, but the most common ones include accepting deposits, granting loans and advances, and providing foreign exchange facilities. Banks are financial institutions, which are very important in any global economy.
Q&A Related to "What Are the Functions of Banks"
The function of the world bank is to be a globalist creation that manipulates the worlds money system. This is a body that is controlled by a few individuals that have the worlds
http://answers.ask.com/Society/Other/what_is_the_f...
Banking activities have been occurring since the rise of humanity at the most basic level, although it is generally the 12th and 13th century Tuscan/Italian merchants that are given
http://www.ehow.com/about_5220190_functions-commer...
Central Bank is an apex institution that control, regulate and supervises monetary and credit system of country. It is established and run by government. Following are the functions
http://wiki.answers.com/Q/What_are_the_functions_o...
There are different kinds of banks -- pick the kind that is relevant to you, and make a list of the banks of this kind that are publicly traded; then read all of their annual reports
http://www.quora.com/What-are-the-best-resources-f...
Explore this Topic
Exim Bank functions as the export-import Bank of the United States. In 1934, President Franklin D. Roosevelt established Exim Bank. In 2009, Exim Bank set up new ...
Main Functions of the Bank of England are; Monetary Analysis and Statistics, Markets, Financial Stability, Special Resolution Unit, Banking Services, Central Services ...
Treasury is a department in banks which is responsible for investment functions. It provides transaction, investment and information services to the chief financial ...
About -  Privacy -  Your Cookie Choices  -  Careers -  About P.G. Wodehouse -  Articles -  Help -  Feedback © 2014 IAC Search & Media