Banking

Banking Lesson 15 Banking While walking in the streets of any town or city you might have construen some signboards on makes with names-Canara Bank, Punjab discipline Bank, State Bank of India, United Commercial Bank, etc. What do these names stand for? Did you ever try to know astir(predicate) them? If you enter any such building you w pale learn some kind of a business exp unitarynt. You will see some employees sitting behind counters dealing with visitors standing in front of them. You will find that some be depositing funds at one counter while some are receiving money at another counter. Behind the counters in the patch you will see tables and chairs occupied by officers. On one side of the office you will also see a chamber (small partitioned room) where the manager is sitting with papers on his table. This is the office of a Bank. Let us know in detail about banks and their activities. 15.1 Objectives After studying this lesson, you will be able to: state the meaning of bank; explain the manipulation of banking; identify the different types of banks; and describe the functions of a commercial bank. 15.2 marrow of Bank You know state earn money to insure their casual expenses on food, clothing, education of children, housing, etc.

They also need money to meet future expenses on marriage, higher education 3 Business Studies of children, ho usance building and other social functions. These are heavy expenses, which can be met if some money is saved out of the present income. obstetrical delivery of money is also necessary for old age and ill health when it may not be possible for people to work and earn their living. The necessity of saving money was matte up by people even in olden days. They utilise to hoard money in their homes. With this practice, savings were available for use whenever needed, but it also involved the risk of loss by theft, robbery and other accidents. Thus, people were in need of a place where money could be saved safely and would be available when... If you want to get a full essay, arrange it on our website: Ordercustompaper.com

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