Question

Banking is known as tertiary industry? Justify?

Answer 1

Answer:

Tertiary Industry or Sector

Explanation:

Teritary Sector provide service workers in the teritary part of the economy provide services rather than goods Sales Banking and Insurance are all part of the teritary industry.

Banking is a teritary industry because a bank is a financial institution that accepts deposit from the public and creates credit.

It also provide loan etc. They generally provide us service so they comes under teritary Industry or sector.

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