Question

banks are institutions dealing in money.​

Answer 1

Answer:

bank is a financial institution which deals in money matters and credit. The banks perform the primary functions of accepting deposits and through these, create credit by advancing loans. Thus, they not only deal in money matters such as depositing money but also create credit in the country.

Answer 2

Explanation:

A bank is a financial institution which deals in money matters and credit. The banks perform the primary functions of accepting deposits and through these, create credit by advancing loans. Thus, they not only deal in money matters such as depositing money but also create credit in the country.