Why is saving money in merchant banks necessary

Axis

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there are different kinds of bank in which one can save his or her money in banks like development Banks, mortgage, Bank insurance bank, and also merchant banks.
and they are unique benefits when you save your money in merchant banks first of as issuing of new shares and provisions of medium, also they specialise in acceptance of bills of exchange issuance of loans for foreign trade and transactions and also most importantly they issue long term loans.
merchant banks can also be termed as acceptance houses.

but one of the most significant benefits in which one can derive in merchant banks is because of the loans in which they grant to those who deals in trading internationally that is the export of goods and services outside the country. not only do they give loans but they give long-term loans that is you can get a loan from them for a long time before you pay back the loan with interest.
this this phone since we're not really practice by other banks most people that do collect loan from them we're giving short-term loans but it was different when it comes to merchant banks although they are no longer existing in our present time due to the development in the banking sector but they were really benefiting back then.
 
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