Question

What is banking system and main function of banking?

Answer 1

Answer:

The function of a banking system depends on the type of banks in its network. The function of a commercial banking system can include accepting deposits, approving loans, offering checking and savings accounts, and providing credit and debit card services.

Answer 2

Answer:

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The function of a banking system depends on the type of banks in its network. The function of a commercial banking system can include accepting deposits, approving loans, offering checking and savings accounts, and providing credit and debit card services.