Financial Accounting > STUDY GUIDE > BANKING METHODS AND PROCESSES (All)
BANKING METHODS AND PROCESSES
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The first question one may ask when reading this Unit is ‘What is so special about banks?’ this Unit aims to offer some insights into the evolution of banking and the growth of banks in Nigeria.... A bank is a financial intermediary that offers loans and deposits, and payment services. Nowadays banks also offer a wide range of additional services, but it is these functions that constitute bank distinguishing features. Because banks play such important role in channelling funds from savers to borrowers, in this unit the history, concept and role of banking will be emphasized. [Show More]
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