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 Form 4 Business Studies Online Lessons: Money and Banking

Advantages of agency banking.

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Answer Text:
Advantages of agency banking.
-Reduction of set up and delivery cost to the banks, which in turn passes to the customers in form of reduced cost of accessing services
-Time saving as the agents are located close to the customer and the customer may carry out other transactions as they withdraw their money
-More convenient for the customer to bank with their local retailers other than the traditional banking halls
-Enable the bank to reach far places within the country


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