NAME: Insang, Aden D.

 Directions: Fill in the missing letters to complete the question below and answer the question
in not less than 4 paragraphs.Less than 4 paragraphs will not be accepted. 

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

24 25 9 2O 2 5 12 8 21 4 22 18

W H A T I S G L O B A L B A N K I N G?
18 20 24 22 2 4 9 12 21 25 24 12 25 24 8 5 2 8 9

QUESTION: What is Global Banking?

ANSWER:

Global banking is just like any other banking amenity, but it takes place across different
nations or internationally. To put in another way, it is an arrangement of financial service
by a residential bank of one country to the residents of another country. Mostly
multinational companies and individuals use this banking facility for transacting. Global
banking facility provides flexibility to the multinational companies to deal in multiple
currencies.

The major currencies that multinational companies or individuals can deal with include
euro, dollar, pounds, sterling, and rupee. The companies having headquarters in other
countries can manage their bank accounts and avail financial services in other countries
through global banking without any hassle. Global banking provides accessibility and
ease of doing business to the companies from different countries. An individual or MNC
can use their money anywhere around the world. This gives them a freedom to transact
and use their money to meet any requirement of funds in any part of the world.

Global banking allows the business to make international bill payments. The currency
conversion facility allows the companies to pay and receive money easily. Also, the
benefits like overdraft facility, loans, deposits, etc. are available every time for overseas
transactions. A multinational company can maintain the records of global accounts in a
fair manner with the help of global banking. All the transactions of the company are
recorded in the books of the banks across the globe. By compiling the data and figures,
the accounts of the company can be maintained.
Globalization and growing economies around the world have led to the development of
global banking facility. The world is now a marketplace and each business wants to
exploit it. Geographical boundaries are no more a concern. With access to technology,
banking facilities have grown massively. One example of it is global banking. In the
years to come, such banks would see higher growth and higher profitability. Big
business houses are expanding themselves at a rapid speed. To maintain the growth,
these businesses will need the financial services of global banking.