Question

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Answer 1

Answer:

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. ... Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities.

Step-by-step explanation:

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Answer 2

Answer:

BANK-The function of a Bank is to collect deposits from the public and lend those deposits for the development of Agriculture, Industry, Trade and Commerce. Bank pays interest at lower rates to the depositors and receives interests on loans and advances from them at higher rates. Banks are of many types these are following- Central Banks

Retail Banks

Commercial Banks

Shadow Banks

Investment Banks

Cooperative Banks

Credit Unions