answersLogoWhite

0

Define conventional banking

Updated: 11/8/2022
User Avatar

Wiki User

9y ago

Best Answer

Conventional banking is when there are loans given out to people at a fixed interest rate. The borrower has more time to pay them back but they do end up paying more than originally borrowed.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Define conventional banking
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Define Sole banking?

sole banking


What are the countries that use conventional sources?

Please define "conventional sources."


Define conventional farming?

opposite of organic farming


How many conventional bales of hay in a ton?

Define "conventional." There are many types of bales that are considered conventional from small squares to large round.


What is the qualification to work in banking?

There is no single qualification and it depends on how you define banker.


Where to find 11 th class commerce notes?

e - banking define


What is the meaning conventional?

Conventional is defined as being socially accepted, usual, or established. This is a word that is often used to define something that conforms to an acceptable social behavior or style.


How many tbsp is a palm size?

There is no such measurement. -Is your palm the same as mine. Define size in a conventional way.


Define Conventional current?

Current as a transfer of (+) charge so thats its direction of flow is opposite to that of electrons which are (-) charged


Define 5 cs of credit in banking terms?

The 5 C's of credit in banking terms are the following: 1. Character 2. Capital 3. Capacity 4. Collateral 5. Conditions


How do you define an oliarchy goernment?

The conventional spelling is "oligarchy," not "oliarchy." Oligarchy means, in simple terms, government or rule by a few.


How do you define the topic of conventional versus organic farming?

Natural as opposed to chemical, genetically modified, synthetic inputs and methods in agriculture is a way to define the topic conventional versus organic farming. The topic must examine two contrasting agricultural activities from preparing the soil, through cultivation, to marketing, moving, selling and sustaining the edible, ornamental, wildflowering or woody crop. It also needs to compare and contrast conventional and organic farming from raising, through slaughtering, to selling in the case of conventional versus organic livestock and poultry.