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BofA

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Issue:

Biographies

 

Written by:

Jerry G

 

Date added:

March 7, 2013

 

Level:

 

Grade:

B

 

No of pages / words:

1 / 232

 

Was viewed:

692 times

 

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Essay content:

The 445 largest banks, those with assets of more than $1 billion--accounted for 87 percent of the banking industry's total asset base of $8.6 trillion (as of March, 2005) with the vast majority being controlled by the top 50 bank holding companies. Some of the functions of the Commercial banks perform U...
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economy are as follow, facilitate banks with the elastic credit system for steady growth, efficient transfer of money, they encouragement of savings for lending purposes, addition of credit to credit-worthy borrowers, increasing production and capital investment. facilitate trade through foreign exchange, they function as trust advisors, they facilitate safekeeping of valuables and provide brokering activities...
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General issues of this essay:
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