In which of the following types of banking, there is a direct execution of transactions between a bank and its consumers?
In which of the following types of banking, there is a direct execution of transactions between a bank and its consumers?
[A]Retail banking
[B]Unit Banking
[C]Universal Banking
[D]Virtual Banking
Retail banking When there is a direct execution of transactions between a bank and its consumers, rather than with corporations or other banks, then this type of banking system is known as Retail banking.
Originally written on
May 17, 2015
and last modified on
May 17, 2015.