Question

What is banking? write the origion of banks​

Answer 1

Answer:

Banking activities started in Nigeria in the year 1892 with the opening of the Africa Banking Corporation in Lagos in 1945, Agbonmagbe Bank

Explanation:

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Answer 2

Banking :

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.

Origin of banks :

The history of banking began with the first prototype banks which were the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. Archaeology from this period in ancient China and India also shows evidence of money lending