1. Intro of bank and role in economic development.

Banking Related Terms

Banking Company: Means any company performing banking business is expressed as Banking Company. Banking Company means lending money or investing deposits money from public and repaying them on demand and so on.

Banking System:  An instrument by which money supply is created and controlled is termed as Banking System. Banking System means managing investments, savings, deposits, calculating risks, paying interests and other services provided by the system.

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