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.