--%>
Assignment Help - homework help

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 : Retail Invoice versus Tax Invoice

    Explain the difference between Retail Invoice vs. Tax Invoice?

    		•
  • Q : Avoidable Interest The book says

    The book says "avoidable interest is the amount of interest cost during the period that a company could theoretically avoid if it had not made expenditures for the asset." This makes it sound like avoidable interest is the total amount of interest paid for an asset. I know it's not but I was wonder

    		•
  • 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 : Brokering Creativity Explain the term

    Explain the term Brokering Creativity in Creative industry ?  

    		•
  • Q : Prepare adjusting journal entries The

    The following information for the month of December 20x6, with respect to cash activities, was gathered by Tressa Ltd.’s bookkeeper. Cash balance per books, December 1 $ 3,700

    Q : Japanese investments in the Southeast

    Japanese MNCs, like Toshiba, Toyota, Matsushita, and so on, made extensive investments within the Southeast Asian countries such as Malaysia, Thailand, and Indonesia. State your opinion, what forces are making Japanese investments within the region?

    		•
  • Q : Case study of an Operational-Strategy

    Develop a case study of the Operational-Strategy interface as it applies to organisational change (last 3-5 years) within your organisation, together with a project implementation case study .You are required to detail the operational chan

    		•
  • Q : Direct loans-loan guarantees and credit

    Do you think that government of the country must assist the private business in conduction of the international trade through the direct loans, loan guarantees, and/or credit insurance?

    		•
  • Q : Define Financial Accounting Give a

    Give a brief introduction of the term ‘Financial Accounting’. And also write down its elements?

    		•
  • Q : Merits of standard costing Write down

    Write down the merits of standard costing?

    		•