Explain the four banking systems

      

Explain the four banking systems.

  

Answers


Simon
• Unit banking/country banks/city banks. This is an independent one office banking where the operations of the bank are handled in a single office. They are common in small towns and cities.
• Branch banking. This is a type of banking where one bank has a number of branches all over the country.
• Group baking. This is a banking system where there are two or more banns under control of holding company or the parenting company.
• Chain banking. This is a banking system where group of individuals controls two or more banks.
• Correspondent banking. This is a banking system where many banks bank using a correspondent relationship with each other.


skilled writter answered the question on April 27, 2018 at 17:53


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