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Banking is a crucial sector of the financial industry that involves the management, regulation, and provision of various financial services, primarily centered around the handling of money. Banks play a significant role in facilitating economic growth, enabling financial transactions, and providing a range of services to individuals, businesses, and governments. Here are some key aspects of banking: Financial Intermediation: Banks act as intermediaries between depositors and borrowers. They collect deposits from individuals and institutions, paying interest to depositors, and then lend these funds to borrowers, charging them a higher interest rate. The margin between these rates is a source of revenue for banks. Deposit Services: Banks offer a safe place for individuals and businesses to deposit their money. Common types of deposit accounts include savings accounts, checking accounts, certificates of deposit (CDs), and money market accounts. These accounts provide liquidity and a source of funds for customers. Lending Services: Banks provide loans and credit to individuals and businesses, helping them finance various needs, such as buying homes, starting or expanding businesses, or making large purchases. Types of loans offered by banks include mortgages, personal loans, business loans, and more.

Table of Contents It is important to acquire that E-Commerce is not like the acclimatized accurate market. It has its own prerequisites and standards that acquire to be maintained with specialized rules that acquire to be followed for alive the online business successfully.. Refrences : Banking