Sequence and series are applied in banks as they are used to determine profitability, financial leverage, liquidity, etc.
It should be noted that sequence simply means a set of numbers that are arranged in a definite order. An example of a sequence is 2, 5, 7, 10, etc.
It should be noted that sequence and series are applied in banks as they are used to determine profitability, financial leverage, liquidity, etc.
It can also be used to know the short term and the long term performance of the bank.
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