Bank | Types | Why Important?
Bank Bank is a financial institution that accepts deposits from the public and lends money at interest. Nature/Objective/Importance 1.Safeguarding money : They provide a secure place to deposit…
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Types of BANK
Types of BANK Central banks: These banks are responsible for overseeing a country's monetary policy, controlling the money supply, and setting interest rates. Commercial banks : These banks prov…
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Negotiable Instrument
Negotiable Instrument A negotiable instrument is a written document that represents a promise to pay a specific amount of money to the bearer or to a specific person or entity. The person who issues…
Why Bank are important ?
Importance/ Need of bank Facilitating Transactions: Banks provide a range of services that enable individuals and businesses to conduct transactions efficiently, such as checking accounts, wire trans…
The Reserve Bank of India (RBI)
The Reserve Bank of India (RBI) The Reserve Bank of India (RBI) is the central bank of India and is responsible for regulating the country's monetary policy, managing the exchange rate of the I…