--%>

Functions of Bank

Write some of the functions of Bank?

E

Expert

Verified

Functions of Bank:

A) Bank gives overdraft and short term loan facility.

B) It too give Safe deposit boxes to secure valuable possessions, like precious metals, gemstones, currency, marketable securities, or significant documents like wills property deeds and birth certificates which require protection from theft, fire, tampering, flood,  or other reasons.

C) This too issues the bank draft and bank cheque on the demand of customers.

D) It too provides the services of currency exchange. You can go to any bank and transform your foreign currency into your country’s currency. For such services bank takes certain commission.

E) Bank too sells the financial products.

   Related Questions in Financial Accounting

  • Q : Costs of hedging through forward

    Discuss and compare the costs of hedging through the forward contract and the options contract.

  • Q : Commercial bank problems Select the

    Select the right answer of the question. Assume that, for every 1-percentage point decline of the discount rate, commercial banks collectively borrow an additional $2 billion from Federal Reserve banks. Also suppose that reserve ratio is 20 percent. If the Fed incre

  • Q : Relationship-To Look for in each other

    What is Relationship and what are the traits that make any relationship happy and committed forever ?

  • Q : Explain Discount Briefly explain the

    Briefly explain the term Discount and also describe their important types?

  • Q : Implement a user-defined matlab

    Your solution to the problem should be housed within a while loop, which allows the grader to test your solution repeatedly without having to re-execute the script, as shown in class. You should first display the purpose of the program, and then you should prompt the

  • Q : China emerged as the important

    Explain facts that China has emerged as the second most imperative recipient of the FDI after United States in recent years?

  • Q : Global expansion Write an article on

    Write an article on Global expansion's strategy followed during 1990.

  • Q : Recommended action for GM to manage its

    General Motors exports the cars to Spain however the strong dollar against the peseta, hurts the sales of GM cars in the Spain. In Spanish market, GM faces the competition from the French and Italian car makers, like Renault and Fiat, whose currencies stays stable wit

  • Q : Accounting Treatment of Goods What are

    What are the various Accounting Treatment of Goods?

  • Q : Modigliani-Miller equation In

    In Modigliani-Miller equation, why is market value of the levered firm is more than the market value of an equivalent unlevered firm?