BANKING

Banking is simply the practice of accepting
deposits and given loans including monetary
advisory to customers. They accept current
account and the collection and payment of
cheques.

TYPES OF BANKS :
1. The central bank :
This deal mostly with the government and the
commercial banks.
2. The commercial bank :
It deals directly with the general public.
3. The Development bank :
This is established to provide long term finance
for developing certain sector of the economy.

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