Marketing Essay: Business and Marketing

Business and Marketing
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Business and Marketing
The banking system in America is a complicated business structure that requires excellent understanding to brainstorm. The bank typically operates. It lends the account holder's money to other people who used the money for different purposes. The debtors can use the borrowed money to educate themselves or others, for business purposes, or buy some land. The deposited money in the bank is credited to the account's holder, and withdrawals can be made at any time, depending on the holder's type of account.
Banks are also means for finance in the economy of America. The country can request loans from a foreign country through a bank to fund its activities. However, the determinants and the banks' standards are always set by the Federal Reserve that determines the amount the bank can borrow. In America, there are types of banks, and they include commercial banks that provide business services to the customer, Saving banks, which is favorable for the low-income earners, saving and loan banks, which was established to help low-income earners to buy homes and run their business. Another type of bank is a credit union, which provides emergency loans to unable to get from traditional lenders.
The banks also introduced types of bank account and interest. Therefore the paramount importance of the financial is to determine how the banks operate. The American banking system is an oligopoly market since some emerging commercial banks offer the same services as banks. However, the ...