What do banks do? - TNFX - Leading Online Forex Broker

What do banks do?

Bank are term used to refer to a place that depends on the confluence of both demand and supply for money.

The bank is concerned with everything related to money and has the powers, transactions and works that it carries out, as it has no specific powers.

Specialized studies in history show that the first financial and banking operations appeared in the year 3500 BC, specifically in the civilization of Mesopotamia.

What are the types of banks?

There are many types of banks, and each type has its own currency style, including:

Central banks.

Commercial banks.

Specialized banks.

Industrial banks.

Agricultural banks.

Real estate banks.

What services do banks provide?

Banks are financial institutions that provide a wide variety of financial and business services, including “deposit, loan provision, bill discounting, foreign currency exchange, money transfer, bank guarantee, credit card service, advisory services” and many others.

The 10 largest banks in the world:

China of and Commercial Bank.

CCB .

Agricultural Bank of China.

Bankofchina .

HSBC.

JP Morgan.

BNP Paribas.

Mitsubishi UFJ Financial Group.

BAC.

Credit Agricole Group.