Importance of Banking
Image credit voanewszimbabwe.com ZIMSEC O Level Commerce Notes: Aids to Trade: Banking
Banking
- Enables making of payments.
- Enables receiving of payment through cheques, stop order or bill of exchange.
- Keeps money safe through current, savings, deposit and fixed accounts.
- Acts as trustees and executors.
- Acts as underwriters when they buy unsubscribed shares of public […]