Social Sciences, asked by keerthir, 1 year ago

advantages of bank account

Answers

Answered by Manoj2003
0
A bank is a financial institution which creates credit by lending money to a borrower thus creating a corresponding deposit on the bank’s balance sheet.

They play a very important role in the economy of any country and are highly regulated.

Banks are subjected to minimum capital requirement norms based on an international set of capital standards, known as the Basel Accords.

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