Answer to Question #90140 in Microeconomics for Nawal agrawal

Question #90140
What are the conditions for an institution to become a bank ?
1
Expert's answer
2019-05-27T11:52:32-0400

For institutions to qualify to operate banking services, they must have required capital income to start up the business. They should also have enough directors to assist in business operations. Additionally, they must have shares from different companies to guarantee maximum financial capital in the firm.


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