TABLE OF CONTENTS
1.1 Statement of problem
2.1 Payment system in Nigeria
3.1 Sample size and sample method
4.1 Interpretation of data
5.1 Recommendation
Bibliography
Appendix
CHAPTER ONE
INTRODUCTION
The banking decree of 1969 in defining the banking business incorporated all the functions of the institutions. However, in terms of what services banks offer to the public, three stand out distinctly deposit and payment mechanism, finance and credit and money creation.
The role the banks play by facilitating payments for goods and services without the need to hold hand to hand currency cannot be overemphasized. By the use of the deposit and payment by cheques the settlement of debts by means of coins and note have become unnecessary. In the definition of money supply, demand deposits are distinguished from time deposit because cheques are in most societies, generally accepted means of payment.
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