1. This business organization receives and holds deposits, lends money … interest and moves money … one place to another.
2. Commercial banks seek to earn profits … their owners.
3. Modern banks offer their customers different types … accounts.
4. Personal chequing accounts are used … individuals to pay … their expences.
5. Saving accounts are used … individuals to earn some interest … money … the bank
6. The functions … a bank are: 1) the provision … a safe deposit … money and valuables; 2) the lending … money; 3) the issuing … bank-notes.
7. Major commercial banks cooperate … each other.
8. A Central Bank stands … the apex and is responsible … the operation … the banking system.