Comprehensive Study Notes on Business Services: Banking, Insurance, and Warehousing

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Last updated 3:49 PM on 8/8/26
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4 Terms

1
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Explain the term bank

a bank is a finacial institution that deals with deposits and advances and other related services.

bank provides various services related to money such as savings accounts, loans, and investment opportunities.

2
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Types of bank

include commercial banks, investment banks, and central banks, each serving different financial needs.

3
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primary functions of bank

include accepting deposits, providing loans, facilitating transactions, and offering investment services.

4
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