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Traditional banking

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Traditional banking

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Traditional banking
 

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Traditional bankingVersion en ligne

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par VICTOR Mon
1

A __ to individuals and businesses. These services include accepting deposits, lending money and safekeeping of assets. These services bridge the gap between lenders and the economy, which smoothens the flow of funds and promotes economic activities.

2

Banking is one of the world's oldest financial activities. Today, banks are in charge of _____.

3

Banking functions: ______. Through deposits, banks give people a safe place to store their money and earn interest. They also provide loans to people and companies for activities like buying homes, starting businesses, etc.

4

Retail banking provides____. People use these to manage their daily transactions and savings. Personal loans and credit cards are also available for this purpose.

5

Commercial banks offer services to businesses ranging from startups to large corporations. These banks receive ____ to store their funds. Additionally, these banks give out loans and credit facilities for operations and investment purposes.

6

Investment banks provide services in the field of complex financial transactions. This includes mergers and acquisitions for growth. ____ and rich individuals who want to grow their wealth with investments.

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7

The most important is central bank. They ___ and set interest rates. They also regulate and supervise the functioning of the commercial banking system to sustain stability and combat financial crises.

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8

Private banking provides specialised financial services to high-net-worth people, including ____. Private Banking mainly offers customised financial advice and instruments to guide clients through efficient wealth management processes.

9

The adoption of the Internet and smartphones has amplified the use of online as well as mobile banking. It allows customers to _____. Most banks offer strong online and mobile banking platforms.

10

International Banking: A banking system that functions internationally may offer services such as cash _____, and similar practices.

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11

Traditional banking is also called branch banking. It requires ____to carry out financial transactions. Bankers provide personalised services and conduct face-to-face interactions.

12

Mobile banking provides the same services as online/internet banking. They also provide _____ with the ease of making transactions from anywhere in the world.

13

Internet banking, or online banking, gives customers the ability to avail of banking services anywhere with an Internet connection. ______ bills, set up automatic payments, and apply for loans through online banking.

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14

Digital banking merges mobile and internet banking _____ for customers.

15

Branchless banking, which is popularly____banking operations to shops and post offices.

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16

Direct or telephone banking enables ______the Internet, mobile app, email, and other electronic means. You can get assistance from customer representatives via call, online chat, and mobile check deposit.

17

Traditional banks maintain physical presence across multiple locations, offering personalized financial services. ___ processes, ensuring security and transparency in all transactions.

18

While digital banking has _____ remain exclusively available through offline channels.

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19

Traditional banking provides the highest level of security for financial transactions, ____ to digital platforms.

20

Other advantage of traditional banking is: In-Person Service Face-to-face communication builds trust and confidence, allowing customers to ____ with banking professionals.

21

Regular visits foster stronger _____ interactions and customized service.

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22

Banking professionals provide _______ issues that online platforms cannot address.

23

All financial products are available,_____ on digital platforms.

24

Services are restricted to business hours, unlike 24/7 _____platforms.

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