What Is Indigenous Banking System In Business Studies
Answers
Answer:
These are the private firms or individuals who operate as banks and as such both receive deposits MA d hangover loans. Like banks they are also financial intermediate. They should be distinguished by professional moneylenders whose primary business is not banking but money lending.
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Answer:
the system of banking that involves private firms or individuals who act as banks by providing financial services such as loans and accepting deposits
Explanation:
Indigenous banking system is the system of banking that involves private firms or individuals who act as banks by providing financial services such as loans and accepting deposits. ... These bankers provided credit facilities to the individuals and businesses as well as to the governments at times.