Case Study on Banking Services:
A bank is a financial institution which fulfils numerous operations with money and securities, serves for the government, groups of people and individuals. Bank is an institution which is established with the purpose to gain high profit; has the right to conduct financial operations; has the right to attract the finance of people and use the money from its own person for various purposes; works due to the special permission obtained from the government; does not have the right to provide insurance and activity connected with trade and production.
The history of banks is very long and draws back to the beginning of the human civilization and the increase of the role of the private property and finance. Since that time banks have developed seriously and now there are many types of banks which fulfil numerous operations which touch upon every sphere of human life. Continue reading