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BANKING AND MONETARY POLICY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY2 Marks
Question
What is $CORE$ banking?
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Answer

$CORE$ banking is a software application used for recording transactions, storing customer information, calculating interest and completing the process of passing entries in a single database. It enables accessing of complete customer account details centrally.

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