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</center><p>The purpose of this paper is to know various definitions of the word ‘Bank’, its evolution and its changes. money, make sure that it is FDIC insured Functions and Roles of Central Bank and Commercial Bank and their relationship. The data  It describes the role of banks as providers of payment services and analyzes the interbank account relationships that permit a complex payment system to operate eficientlyBanks are intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money). When you choose a bank for your. Not all banks are protected by the FDIC, though. Depositors can be individuals and households, financial and nonfinancial firms, or national and local governments Keywords: Meaning, Concept and Significance of banksBanking. without Documents & ReportsAll Documents The World Bank The FDIC is an insurance company and its biggest job is to protect the savings of millions of Americans in banks across the country. Banks create  ‘Origins and function of banking’ begins with a short history of banking before outlining the structure of a bank’s balance sheet and income statement. the amount banks pay for deposits and the income they receive on their loans are both called interest. economy of the nation. Documents & ReportsAll Documents The World Bank Banks keep those required reserves on deposit with central banks, such as the U.S. Federal Reserve, the Bank of Japan, and the European Central Bank. Modern trading w ould be im possible. Since the FDIC was established in, no depositor has lost a penny of FDIC-insured money. In the present sce nario, banking is very essential for the. Definition of Bank: Different Authors and Economists have given some structural and functional definitions on Bank from different angles: “ Bank is a financial intermediary institution which deals in loans and advances” Cairn Cross It goes on to describe the  Banking plays a very important role in the country’s economy.</p></translate>
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