Skip Nav

Bank: Short Essay on Bank

We need your work!

❶Banks form an integral part of any society.

Recommended pages

Long and Short Essay on Bank in English


If you decide to buy an essay at EssaysBank. Well, your order will be assigned to expert writers, with years of experience, excellent writing skills, and high proficiency. They will develop a customized paper tailored especially to your demands.

We are never late with delivery of the finished product. What a chance to boost your academic career! You will get your order completed within the timeframe you ordered.

Stop wasting your time and money getting an unreliable help! Our aim is to provide a new option which can help students write their researches taking as guideline excellent examples of any kinds of papers. This option is new and progressive; it is even easier than buying a custom written paper! Due to this service you can find and choose what you need by yourself without paying almost anything.

Order plagiarism free custom written essay. All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. This option gives you the immediate access to all essays.

Thus, acceptance, of chequable deposits from the public is only a necessary, but not a -sufficient, function of a bank. It must also lend to others. For this reason, Post Office savings banks are not banks in the accepted sense of a bank, even though some of them accept chequable deposits.

The reason they are not banks in the ordinary sense of the term and are called savings banks is that they do not perform the other essential function of a bank—that of lending to others. The Post Office savings banks are run as departmental agencies of the Central Government, and all the funds deposited with them are in fact lent to the Government, their owner.

Similarly, lending alone does not make a financial institution a bank. In fact, leaving out Post Office savings banks, all other financial institutions do the work of lending to others. But only those of them are banks that also accept chequable deposits them. Thus, there are two essential functions which make a financial institution a bank: The former is its unique or most distinctive function.

Three things about deposits are noteworthy: A bank is an institution that accepts deposits of money from the public withdraw-able by cheque and used for lending. The banks act as the intermediary in between the depositors and the borrowers of an economy. In fact the banks channelize the savings of the depositors to the entrepreneurs. This is however the basic function of the banking system. With the globalization of the trading activities during the past few decades, the.

Bank of America is one of the leading banks on the territory of the United Stat. Presently, the bank provides financial and developmental support to the micro, small and. It accepts deposits from the public and pays interest to the public for their deposits and lends this deposit to those who need it and charges interest from them. So bank is a financial institution dealing with money and credit. It is not possible to develop trade and industry without the help of banks.


Main Topics

Privacy Policy

Get unlimited access to thousands of high quality academic sample essays with Essay bank - the original and largest essay database on the Internet.

Privacy FAQs

A bank is an institution that accepts deposits of money from the public withdraw-able by cheque and used for lending. (iii) The deposits are repayable on demand and withdraw-able by cheque, i.e., the deposits are demand deposits. The second essential function relates to the use of deposits. They are.

About Our Ads

ESSA Advisory Services, LLC is a subsidiary of ESSA Bank & Trust. Products and services offered by ESSA Advisory Services LLC and ESSA Asset Management & Trust are: Not FDIC insured • May lose value • Not guaranteed by ESSA Bank & Trust • Not a deposit • Not . Database of FREE banking essays - We have thousands of free essays across a wide range of subject areas. Sample banking essays!

Cookie Info

This free bar essay answer bank is a collection of actual graded bar exam essays and performance tests donated for your self-edification. Links to pdfs of essays and assignments completed by students at the Department of English Language and Linguistics.