Question

Branch account chapter solution

Answer 1

A branch, banking center or financial centeris a retail location where a bank, credit union, or other financial institution (including a brokerage firm) offers a wide array of face-to-face and automated services to its customers.

History and descriptionEdit

During the 3rd century banks in Persia (now Iran) and in other territories started to issue letters of credit known as Sakks, basically checks in today’s language, that could be traded in cooperative houses or offices throughout the Persian territories.[citation needed]In the period from 1100-1300 banking started to expand across Europe and banks began opening ‘branches’ in remote, foreign locations to support international trade.[citation needed] In 1327, Avignon in France had 43 branches of Italian banking houses alone.[citation needed]