what is banking also explain the features of banking
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Banking refers to the process of money tranfers from and between bank and the clients. Banking invloves loans, credit facilities and other financial performances. ... b) They provide loans and credit facilities to the clients. This ensures continued business between the parties in the banking process.
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Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. They offer savings accounts, certificates of deposit, and checking accounts. Bank loans and credit mean families don't have to save up before going to college or buying a house.
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