explain the simple banking operations
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Answer:Internal banking operations at a retail bank involve opening new accounts, transferring money between accounts, and assisting customers with managing deposits. ... Companies require a wide variety of banking services, including start-up loans, collecting deposits, and investments.
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In another sense, banking operations involve the practices and procedures that a bank uses to ensure that customers' transactions are completed accurately and appropriately. ... Retail banking provides services to the general public, including mortgages, loans, deposits, and checking accounts.
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