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Its practical role defined as management of state’s paying and accounting systems. Greater part of banking system’s commercial bargains is carried through deposits, investments and credit operations. Along with other financial intermediaries, banks direct people’s savings to firms and manufacturing structures. Commercial banks, operating in accordance with the monetary policy of the state, regulate movement of money floods, influencing on the rate of their turnover, emission and general mass including the amount of cash, being in circulation.
Modern banking system is the sphere of diversified services to the clients: from traditional deposit-loans and calculation-cash operations, determining the base of banking, to the up-to-date forms of monetary and financial instruments, used by banking structures...
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