Guest
asked 9 months ago
2 Answers - Sort by: Date | Rating
A Bank is basically a financial institution. It acts as a payment agent to customers and also acts as a borrower and lender in the economic world. Apart from this basic function, it also acts as an investments manager, insurance provider, lease provider etc.
The main functions of a Bank are as follows:
- Issue of Money
- Settlement of payments
- Credit intermediation
- Credit quality improvement
- Maturity transformation
- Collection and payment agent for customers.
0
0
- Is Islamic Banking A Solution For Current Global Recession?
- Where Is Sort Code 622854?
- What Do You Mean By Crossing A Cheque?
- What Are The Roles Of Specialised Bank In The Nigeria Economy?
- What Is The Purpose Of Barlays Bank?
- What Are The Key Result Areas For A Branch Manager?
- 2) Explain The Functions Of Commercial Banks, Investment Banks, Pension Funds And Insurance Companies, And The Differences Between Them?
- How Will Purchases By The Fed Of $100 Million Of U.s Securities From A Commercial Bank?
- What Is The Future Of Banking Industry?
- What Is The Branch Address Of Sort Code 20-25-43?
- The Supplier Is Asking My Issue Bank To Open A DRLC, In The Letter Of Credit What Is DR Means?
- How Long Clearing Banking Check In England?
- How To Write A Letter To Bank Manager For Lost A Cheque Book?
- Which Banks Sort Code Is This 20-72-17?
- Does Anyone Know Which Nat West Branch Has The Sort Code 53-50-10?
- Do You Know Anything About "Mendel's Razor"?
- What Is Barrel Cheque?
- What Are The Role Of The State Bank Of India In Industrial Development?
- What Bank Is This Sort Code 62-13-25?
- What Is Paying Banker?
- Who Is Authorised To Cancel The Crossing Made On The Bank On The Cheque?
- What Bank Has Sort Code 30-63-40?
- How Atm Help Banking?
- What Is The Role Of Computer In Banks Today?
- What Is The Branch Address For Sort Code 204734?
Featured Question
- Business & Finance
- Business
- Accountancy
- Accountancy Software
- Advertising & Marketing
- Business Banking
- Business Loans
- Business Mortgage
- Buy A Business
- Direct Mail
- Directors
- Exhibitions
- Factoring
- Franchising
- Grants And Free Help
- Interviewing
- Investments
- Leasing
- Organization
- Organizational Charts
- Pension Schemes
- Phone Numbers
- Premises
- Public Relations
- Public Sector
- Redundancy
- Regulations
- Sell A Business
- Service Sector
- Staff
- Starting A Business
- Strategy
- Taxes
- Training & Leave
- Venture Capital
- Virtual Offices
New Comment - Comments are editable for 5 min.