Friday, August 21, 2009

BANKS ACCOUNTS, SMART ZOMBI.



DEFINITION:

Banks thrive on three accounts based on commodity and business needs.
1:) Safety needs. 2:) Borrowing needs. 3:) Debt clearing needs.


Banks accounts satisfy all these three needs of an individual or a businessman.

The bank account can be defined as a facility provided to the account holder to deposit his money with the bank and withdraw it whenever he needs it. He may use the account to borrow and or settle his debts through cheques.

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