what is banking?

  1. profile image43
    priya0717posted 7 years ago

    what is banking?

  2. MickS profile image73
    MickSposted 7 years ago

    Banking is a system where the rich and powerful coerce the poor and weak into parting with the little amount of money they have.  This is all carried out by feeding the poor and weak with illusions of massive profits and escape from poverty and the daily grind of work.
    The people in charge of the banking system, the financiers, then fool around with the worlds finance systems, shunting make believe products, commodities, services, and your money, from here to there and back again; eventually the financial system collapses and everyone loses, well, except for the bankers who go around apologising in public and having a jolly good laugh in private whilst they pay themselves obscene amounts of money in bonuses.
    I think that's about it.

  3. profile image0
    ankigarg87posted 7 years ago

    A bank is a financial institution that accepts deposits and channels those deposits into lending activities. Banks primarily provide financial services to customers while enriching investors. It is a system of trading in money which involved safeguarding deposits and making funds available for borrowers.