FIN350-Banking Management


label Business
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

  How much education of their customers should a bank be required to provide?  Is the bank the only responsible party concerning bank transactions or do customers bear responsibility as well?

Aug 22nd, 2015

Thank you for the opportunity to help you with your question!

The banks offer financial education to their customers that enables them to make sound and judgmental financial decisions. This financial education enables the consumers to expand their knowledge regarding savings of their money, selecting the best and relevant credit products, making a decisive budgeting and it also offers the protection of the consumers against fraud. Moreover, the financial education enables the customers to be financially stable thus leading to the growth of the economy through enhanced banking.

Both the banks and the customers bear the responsibility of banking transaction. The banks ensure that the tellers are competent to ensure that the transactions are done perfectly. The customers bear the responsibility of ensuring that they follow all the procedures that are necessary for the transactions within the bank.


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Aug 22nd, 2015

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Aug 22nd, 2015
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Aug 22nd, 2015
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