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Banks are considered part of the tertiary sector because they provide services rather than producing goods. They facilitate financial transactions, offer loans, manage deposits, and provide investment advice, which are all service-oriented activities. This sector focuses on intangible products that support economic activities, making banks essential for the functioning of both businesses and consumers. As intermediaries in the financial system, they play a crucial role in allocating resources and managing risk.
What else can I help you with?
Is eskom a secondary or tertiary sector?
is eskome in tertiary sector
Why oxfam is in tertiary sector?
it is in the tertiary sector, which is also known as the service sector, as it is offering a service to everyone!
Why is boots in tertiary sector?
boots is in the tertiary sector because they sell products and offer services
What economic sector does teaching belong to and why?
tertiary sector
Why the tertiary sector in the UK in decline?
Tertiary is not declining, it is rising.
Are banks in the tertiary sector?
yes
What makes the NHS a tertiary sector?
Is the nhs in the tertiary sector
Is eskom a secondary or tertiary sector?
is eskome in tertiary sector
Why oxfam is in tertiary sector?
it is in the tertiary sector, which is also known as the service sector, as it is offering a service to everyone!
What job belongs to the tertiary sector of the American economy?
The tertiary sector of the economy of the United States is the service sector. The jobs include the hospitality industry and all the related fields.
Why is boots in tertiary sector?
boots is in the tertiary sector because they sell products and offer services
What does Fishing go under Primary Sector Secondary Sector or Tertiary Sector?
Fishing goes under the Primary sector, whereas fishmongers goes under Tertiary Sector. :)
What is the tertiary sector?
In tertiary sector no production is done only the services are provided such as transport , banking , communication etc. And this sector is also called service sector.
What makes Alton towers the tertiary sector?
Entertainment and Tourism are the key areas that make the Tertiary sector
What events that caused the primary sector to decline?
the primary sector is in decline because the tertiary sector is growing so there is a higher percentage of workers in the tertiary sector than the primary sector
What economic sector does teaching belong to and why?
tertiary sector
What sector does customer care cover?
Tertiary Sector
