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What is bank and functions?

Updated: 9/18/2023
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13y ago

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Finance is the life blood of trade, commerce and industry. Now-a-days banking sector acts as the backbone of modern business. Development of any country basically depends upon the banking system.

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10y ago
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13y ago

A Bank is an institution that serves as the financial intermediary in the economy. They are responsible for cash flow within the nation's economy. Their main functions include:

  1. Accepting Deposits
  2. Lending Loans
  3. Providing Bank Accounts
  4. Providing Credit Cards
  5. etc
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7y ago

Banking and finance deal with money. Banks and investment banking firms lend funds and help with corporate mergers. Commercial banks deal with large and small customers. Investment banking is corporations and works on a wholesale basis.

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