Question

Banking is a tertiary industry. Justify.​

Answer 1

Answer:

Tertiary Industry or sector

Explanation:

✔Tertiary sector provide service

Workers in the tertiary part of the economy provide services rather than goods. Sales,, banking, and insurance are all part of the tertiary industry.

✔Banking is a tertiary Industry because a bank is a financial institution that accepts deposits from the public and creates credit.

It also provide loans etc. They generally provide us service so,they comes under tertiary Industry or sector.

Answer 2

Banking is a tertiary industry due to it provides services.

Explanation:

• The three sectors of the economy are primary, secondary, and tertiary. The ordinary deals with raw materials, the secondary deals with the final products and processing, the tertiary deals with the services which include banking.  

• Banking provides financial services and is part of the service industry as it helps in the development of the secondary.  The function of banking is to provide intangible product to the end client or the customer.

Learn more about the banking is a tertiary industry.

• brainly.in/question/11763295 answered by  PRATHAMABD.