Social Sciences, asked by Deepak8216, 4 months ago

write down the role of a bank in the form of transfer or exchange of money

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Answered by geetakushwaha1445

Explanation:

transactions

hope it is help full to u

Answered by enochkallurigmailcom

Answer:

Open main menu

Bank

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For other uses, see Bank (disambiguation).

"Banks" and "Banker" redirect here. For other uses, see Banks (disambiguation) and Banker (disambiguation).

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A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.[1] Lending activities can be directly performed by the bank or indirectly through capital markets.

Due to the importance of banks in the financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords.

Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancient world. In the history of banking, a number of banking dynasties — notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds — have played a central role over many centuries. The oldest existing retail bank is Banca Monte dei Paschi di Siena (founded in 1472), while the oldest existing merchant bank is Berenberg Bank (founded in 1590).

History

Etymology

Definition

Capital and risk

Banks in the economy

Bank crisis

Regulation

Different types of banking

Challenges within the banking industry

Types of accounts

Globalization in the banking industry

write down the role of a bank in the form of transfer or exchange of money​

Answers

write down the role of a bank in the form of transfer or exchange of money