introduction on banking
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A system of trading money which;provides a safe place to save excess cash,known as deposits.
Supplies liquidity to the economy by loaning this money out to help businesses grow and to allow consumers to purchase consumer products,homes,cars..etc
A bank is a financial institution that accepts deposits from the public and creates credit.
Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities.
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Hope this helps.Atb!
-fatima
Supplies liquidity to the economy by loaning this money out to help businesses grow and to allow consumers to purchase consumer products,homes,cars..etc
A bank is a financial institution that accepts deposits from the public and creates credit.
Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities.
-----------------------------------------------------
Hope this helps.Atb!
-fatima
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