Banking institutions mainly serves the purpose of safeguarding people's money or fulfilling their fund requirements by providing them loan facilities. These institution pay interest on deposit to savers and charges higher rate of interest from borrowers.
The aim of the banking system is to provide security and confidence in the economy. If banks were allowed to go bankrupt and consumers lost savings; it would cause widespread financial panic and many consumers would withdraw their savings and hold them as cash.
The main objective of bank management is to build an organic and optimal system of interaction between the elements of banking mechanisms with a view to profit. Successful optimization of the "profitability-risk" ratio in a bank lending operations is largely determined by the use of effective methods of bank management
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Answer:
Banking institutions mainly serves the purpose of safeguarding people's money or fulfilling their fund requirements by providing them loan facilities. These institution pay interest on deposit to savers and charges higher rate of interest from borrowers.
Explanation:
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Answer:
The aim of the banking system is to provide security and confidence in the economy. If banks were allowed to go bankrupt and consumers lost savings; it would cause widespread financial panic and many consumers would withdraw their savings and hold them as cash.
The main objective of bank management is to build an organic and optimal system of interaction between the elements of banking mechanisms with a view to profit. Successful optimization of the "profitability-risk" ratio in a bank lending operations is largely determined by the use of effective methods of bank management
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Explanation: