what is banking services
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An establishment authorized by a Government to accept deposits, pay interest, clear cheques, advance loans, act as an intermediary in financial transactions, and provide other financial services to its customers. People earn money to meet their day-to-day expenses on food, clothing, education of children, housing, etc
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- Any activities involved in accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.
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