answersLogoWhite

0


Best Answer

Why Banks are institutions whose debts are accepted as payment of other people'liabilities?

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why Banks are institutions whose debts are accepted as payment of other people'liabilities?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the different type of banking institutions?

The different types of banking institutions are: Commercial banks, Credit Unions, and Online banks.


What are the role of banks and financial institutions in the creation and development of enterprise?

what is the role of banks and finacial institutions inthe creation of enterprises


What are different types of bank institutions?

The different types of banking institutions are: Commercial banks, Credit Unions, and Online banks.


What does banks are pivots of payment system mean?

The banks are pivot of payment system means that they are very important as far as payment is concerned.


Who offer mortgages?

Banks, financial institutions.


How many banks are in the US?

FDIC insured institutions include both commercial banks and savings associations. As of March 31, 2013, there were a total of 7,019 FDIC insured institutions comprised of 6,048 commercial banks and 971 savings institutions. The number of banks in the United State has been in a steady decline for over the past two decades declining by almost 54% since 1990. At December 31, 1990 there were a total of 15,158 FDIC insured institutions of which 12,343 were commercial banks and 2,815 were savings institutions.


An examples of financial institutions?

Banks are examples of Financial Institutions.


Are savings and loans competitive to banks and other institutions?

No


What are types of deposit taking institutions?

Deposit-taking institutions take the form of commercial banks; savings and loan associations and mutual savings banks; and credit unions.


How can an online payment for the Citibank credit card be made?

Citibank like other banks and financial institutions have taken to the "going green" trend. By offering paperless banking all you would need to do is set up a login account for Citibank and allocate your preferred payees for your bill payment.


What is private financial institutions?

For example banks that are not owned by the state.


What financial institutions is known as cooperative association?

commercial banks