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What do you mean by banking?Only defination required. It should not be more then 100...

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kinganand | Student, Grade 10 | eNotes Newbie

Posted May 8, 2012 at 6:33 AM via web

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What do you mean by banking?

Only defination required. It should not be more then 100 words.

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loraaa | Student | (Level 2) Valedictorian

Posted May 8, 2012 at 6:54 AM (Answer #1)

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A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. A bank connects customers that have capital deficits to customers with capital surpluses.

This definition is less than 100 words...  ^_*

read more http://en.wikipedia.org/wiki/Bank


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nikasho0100 | Student, Grade 12 | (Level 1) Salutatorian

Posted August 11, 2012 at 7:48 AM (Answer #2)

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Its a financial institute which carries out 3 main functions lending, depositing and burrowing. There is only one main Central bank in a country. there can be a lot of commercial banks in a country.


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