Business Studies, asked by ainisafiyyah3559, 1 year ago

What do you mean by banks and their loans activities?

Answers

Answered by Geekydude121
2

Banks are the financial institutions which perform depositing money from public and lending loans to the others one as their main activities. Banks work as channel of connecting people who wants to earn income through depositing their money and people who are in need of money.

Banks loan activities are very wide from educational loan to a student to giving line of credit to an exporter. There are other types of loans which are given by the banks such as agricultural loans, cash credit, overdraft facility etc.

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