Please Identify which topic you choose of the two.All written assignments will be double-spaced and 1 inch margin.MS Word 12 or similar size font, and Times New Roman or Arial font style.Footnotes or...

Banking in XXI Century
Banking refers to the standard activities that a bank performs. Banks behave as dealers of
money by carrying out checking or opening new accounts for customers, paying checks
drawn by customers, and collecting checks deposited to customers' current accounts. New
methods of payment have been introduced by the banks such as Automated Clearing House
(ACH), Wire transfers or telegraphic transfer, EFTPOS, and automated teller machine
(ATM). ATM is the most efficient and most popularly used method of payment and
withdrawal of money.
Banks borrow money by the funds deposited in current accounts, and by accommodating
term deposits, and by taking into account the debt securities such as banknotes. Banks make
advances on current accounts and thus are able to lend money to the customers, also by
making instalment loans, and by investing in marketable securities.
Banks serve almost all payment services, and a bank account is considered crucial by most of
the corporations, individuals and even the governments. Non-banking authorities that supply
payment services such as allowance companies are not normally considered a sufficient
surrogate for having a bank account.
Banks borrow most funds from organisations that hold money for example the households
and non-financial businesses, and lend this money to other households and financial firms,
but non-bank lenders provide a crucial and in most cases ,an alternative for bank loans, and
funds of the market, trusts built for managing cash and other non-bank financial institutions
in many cases provide an adequate surrogate to banks for lending the savings....