What is banking system and main fuction of banking?
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Answer:
Banking system means it expects deposits from public.
Explanation:
it functions like an open hand just we find it in our day today life
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Answer:
A bank is a financial institution which performs the deposit and lending function. A bank allows a person with excess money (Saver) to deposit his money in the bank and earns an interest rate. Similarly, the bank lends to a person who needs money (investor/borrower) at an interest rate.
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