Question

explain the simple banking operations​

Answer 1

Answer:

ɪɴᴛᴇʀɴᴀʟ ʙᴀɴᴋɪɴɢ ᴏᴘᴇʀᴀᴛɪᴏɴs ᴀᴛ ᴀ ʀᴇᴛᴀɪʟ ʙᴀɴᴋ ɪɴᴠᴏʟᴠᴇ ᴏᴘᴇɴɪɴɢ ɴᴇᴡ ᴀᴄᴄᴏᴜɴᴛs, ᴛʀᴀɴsғᴇʀʀɪɴɢ ᴍᴏɴᴇʏ ʙᴇᴛᴡᴇᴇɴ ᴀᴄᴄᴏᴜɴᴛs, ᴀɴᴅ ᴀssɪsᴛɪɴɢ ᴄᴜsᴛᴏᴍᴇʀs ᴡɪᴛʜ ᴍᴀɴᴀɢɪɴɢ ᴅᴇᴘᴏsɪᴛs. ᴄᴏᴍᴘᴀɴɪᴇs ʀᴇǫᴜɪʀᴇ ᴀ ᴡɪᴅᴇ ᴠᴀʀɪᴇᴛʏ ᴏғ ʙᴀɴᴋɪɴɢ sᴇʀᴠɪᴄᴇs, ɪɴᴄʟᴜᴅɪɴɢ sᴛᴀʀᴛ-ᴜᴘ ʟᴏᴀɴs, ᴄᴏʟʟᴇᴄᴛɪɴɢ ᴅᴇᴘᴏsɪᴛs, ᴀɴᴅ ɪɴᴠᴇsᴛᴍᴇɴᴛs.

Answer 2

Answer:

What are basic banking services? Basic banking services include a payment account with basic features and an instrument for using the account (e.g. a debit card and online banking ID), the possibility to withdraw cash, the execution of payment transactions and an electronic means of identification.