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What is the Significance of a bank?

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Anonymous

14y ago
Updated: 8/18/2019

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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Wiki User

14y ago

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