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Subjects>Business>Finance

What is the role of banking in the society?

Anonymous

∙ 14y ago

Updated: 9/18/2023

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:

Accepting Deposits
Lending Loans
Providing Bank Accounts
Providing Credit Cards
etc

Wiki User

∙ 14y ago

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