What duties does a customer have to his or her bank?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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What duties does a customer have to his or her bank?
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Banks are very important institutions that help in smooth running of the business. The primary functions of banks will be to provide loans, and to accept the deposits. The banks will save the money of the individuals in the name of savings account.
The income for the banks will be the interest charged for loans, locker rent, other bank charges. The expenses of the bank will be interest paid for deposits. The banks will operate based on the regulations of the Federal bank as well as government of the country.
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