A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. Examples of statutory definitions banking business. Since the advent of EFTPOS.
KAZAKH NATIONAL UNIVERSITY NAMED AFTER AL-FARABI INTERNATIONAL RELATIONS AND WORLD ECONOMY FACULTY ESSAY Name of topic: “Bank” Approved by: Pawletta R. Written by: Amanbay A. Almaty 2014 A bank is a financial intermediary < that accepts deposits < and channels those deposits into lending < activities, either directly by loaning or indirectly throughcapital markets < A bank links together customers that have capital deficits and customers with capital surpluses. Due to their importance in the financial system < and influence on nationaleconomies < banks are highly regulated < in most countries. Most nations have institutionalised a system known as fractional reserve banking < under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements < based on an international set of capital standards, known as the Basel Accords < Banking in its modern sense evolved in the
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