Question

5 sentences about bank​

Answer 1

Answer:

1) Financial institutions which provide loans, accept deposits and manage monetary circulation are termed as banks.

2) Banks are the government certified and highly regulated financial authorities.

3) Majorly there are two types of banks Commercial/Retail Banks and Investment Banks.

4) Commercial/Retail banks provide consumer service like deposits, withdrawals, short term loans etc.

5) Investment banks are those which provide corporate services like underwriting, trading, shares, mergers etc.

6) Banking system found its evolution since 14th century in Italy.

7) The oldest working retail bank is Banca Monte dei Paschi di Siena in Italy.