Question

Banks are the institutional bodies that play varied role in maintaining the economic stature in a country. Thus, distinctive kinds of banks are required to cater to the complexities of its operation. In this context, classify and explain the different types of banks.

Answer 1

Answer:

Banks are the institutional bodies that play varied role in maintaining the economic stature in a country. Thus, distinctive kinds of banks are required to cater to the complexities of its operation. In this context, classify and explain the different types of banks.