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]Universal Banking
[C]Virtual Banking
[D]Unit 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
June 2, 2015
and last modified on
June 2, 2015.