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Chapter: 12th Economics : Chapter 6 : Banking

Banking

Finance is the life blood of all economic activities such as trade, commerce, agriculture and industry.

Banking

Introduction

Finance is the life blood of all economic activities such as trade, commerce, agriculture and industry. A bank is generally understood as an institution which provides fundamental financial services such as accepting deposits and lending loans. Banking sector acts as the backbone of modern business world. The banking system significantly contributes for the development of any country. Due to the importance in the financial stability of a country, banks are highly regulated in most countries.


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