Business Studies, asked by suga64, 11 months ago

define bank and meaning

Answers

Answered by NaikDevenDra

1

Answer:

A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services, such as wealth management, currency exchange, and safe deposit boxes. There are two types of banks: commercial/retail banks and investment banks.

Answered by priyaa34

3

BANK

BANK IS A FINANCIAL INSTITUTIONS THAT DEALS IN LOANS . BANK COLLECTS THE SAVINGS FROM SAVERS AND OFFERS THESE SAVINGS , BARING A SMALL PART , TO THE BORROWERS .

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