What is meant by 'retail banking'?
A.
B.
C.
D.
Answer & Solution
Solution:
Retail banking, also known as consumer banking or personal banking, refers to the provision of financial services by banks to individual consumers and small businesses. These services include offering savings and checking accounts, mortgages, personal loans, credit cards, and certificates of deposit (CDs). Retail banking enables individuals to manage their finances, access credit, and securely deposit their funds.
Post Your Comments