Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 20, Problem 1DCS
Summary Introduction

To discuss: The services offered by banks and S&Ls; advantages and disadvantages of online banking; and comparison of rates of banks and S&Ls.

Introduction: Banks are the organizations that operate for making profits by earning through the borrowers and paying to the depositors.

Savings and loan associations provide saving facilities to people in addition to providing home mortgage loans to individuals.

Online payment is a mechanism through which payment in exchange of goods or services can be made using electronic modes.

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