what are the characteristics of bank system?
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Characteristics of a bank can be given as follows : 1) Dealing in Money : Bank is a financial institution which deals with other people's money i.e. money given by depositors. 2) Individual / Firm / Company : A bank may be a person, firm or a company.
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A banking system is a group or network of institutions that provide financial services for us. These institutions are responsible for operating a payment system, providing loans, taking deposits, and helping with investments.Characteristics of a bank can be given as follows : 1) Dealing in Money : Bank is a financial institution which deals with other people's money i.e. money given by depositors. 2) Individual / Firm / Company : A bank may be a person, firm or a company.
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