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

2 Answers

nikasho0100's profile pic

nikasho0100 | Student, Undergraduate | (Level 1) Salutatorian

Posted on

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.


loraaa's profile pic

loraaa | Student | (Level 2) Valedictorian

Posted on

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