Question

एक्सप्लेन द फॉलोइंग टर्म्स इन ब्रीफ banking and insurance
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Answer 1

Answer:

What Is Bank Insurance? Bank insurance is a guarantee by the Federal Deposit Insurance Corporation (FDIC) of deposits in a bank. ... Bank insurance helps protect individuals who deposit their savings in banks against commercial bank insolvency. Each depositor is insured to at least $250,000 per bank.

Answer 2

Answer:

Banking :- Banking is defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to conduct economic activities such as making profit or simply covering operating expenses.

Insurance:- Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.

Explanation:

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