Question

List out the main characteristics relating to bank transaction

Answer 1

Answer:

Dealing with money -- banks deal with money of the public.

2) Individual / Firm /Company -- bank may be person , firm or a company.

3) Acceptance of deposits -- banks accepts deposits from the public.

4) Leading loans -- Banks lead loans to to industrial sector , agriculture sector, education.

Explanation:

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Answer 2

Answer:

• DEALING WITH MONEY
• INDIVIDUAL / FIRM / COMPANY
• ACCEPTANCE OF DEPOSITS
• LENDING LOANS
• PAYMENT AND WITHDRAWAL
• AGENCY AND UNITY SERVICES
• PROFIT AND SERVICE ORIRNTATION
• EVER INCREASING FUNCTIONS
• CONNECTING LINK
• BANKING BUSINESS
• NAME IDENTITY