Unit 10: Banking Industry Financial English Unit 10: Part I: 10.1 Introduction to Banking Industry Part II: 10.2 Types of Banks Part III: 10.3 Banks Channels Part IV : 10.4 Banks in the Economy Banking Industry 10.1 Introduction to Banking Industry Banks have influenced economies and politics for centuries. Historically, the primary purpose of a bank was to provide loans to trading companies. Banks provided funds to allow businesses to purchase inventory, and collected those funds back with interest when the goods were sold. For centuries, the banking industry only dealt w
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