--%>
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 : International foreign and domestic trade

    Explain some of the reasons why international foreign trade is difficult and risky from the perspective of exporter than is domestic trade.

    		•
  • Q : Calculate the bad debt expense for the

    The Webster Company uses the aging method to estimate the allowance for doubtful accounts. The following schedule of accounts receivable was prepared as at December 31, 20x6: Age Balance %

    		•
  • Q : Matlab Applications in Digital Signal

    Digital signal processing appears like a nightmare for students as it is most difficult and tricky subject in engineering core curriculum. If you are getting troubles in digital signal processing assignment or related project, then move

    		•
  • Q : Definition of Ledger What is the

    What is the Definition of Ledger in terms of Accountancy?

    		•
  • Q : Matlab Applications in Communication

    Communication system is the discipline in engineering curriculum which is more of the conceptual rather than theoretical. Mainly student faces trouble in understanding the core concepts of this topic. We have team of highly competent and prac

    		•
  • Q : Define Conspicuous Consumption

    Conspicuous Consumption: It is the phenomena of spending money on services and goods which are not required but keeping them gives you a high social status. Those things are kept mainly for the purpose of displaying and creating a false image of your

    		•
  • Q : Financial and Operational measures of

    State some of financial and operational measures MNC can take minimize the political risk linked with the foreign investment project?

    		•
  • Q : Restrictions of foreign equity ownership

    Describe various restrictions of foreign equity ownership.  Why countries impose these restrictions, explain your view on this?

    		•
  • Q : Balance sheet A listing of the

        A listing of the liabilities, assets, and equity of an entity at a point in time, the end of a month, or quarter, or year. It is one of the four financial statements required in a full financial report. The balance sheet gives the reader what the entity owns (assets)

    		•
  • Q : Merits of standard costing Write down

    Write down the merits of standard costing?

    		•