What is the Concept of Banking and why it taught in the Singapore universities and colleges?

Banking is an essential part of the economic development of the nation. Banking can be defined as the process of acceptance of financial resources for the purpose of lending them for investment, a collection of interest, and otherwise withdrawal through draft, cheque, and more.

What are the various Types of banking institutions which are taught about in Singapore colleges and universities?

  • Commercial bank
  • Industrial bank
  • Agricultural bank
  • Foreign exchange bank

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What is the subject of banking about and why do Singapore universities and colleges teach this subject to their students?

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