Question

what is banking? please explain

Answer 1

Banking is an industry that handle cash credit and other financial transaction.They offer savings accounts,certificates of deposits and checking account.Bank use these deposits to make loans These loans are included mortgage business loan and car loan

Answer 2

A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services, such as wealth management, currency exchange and safe deposit boxes. There are two types of banks: commercial/retail banks and investment banks. In most countries, banks are regulated by the national government or central bank.

I hope it helps:-)