Economy, asked by khiziransari61, 6 months ago

Define Bank. State two importance of it .​

Answers

Answered by nikhilpandey26
2

Answer:

As an agent of the Reserve Bank, the State Bank performs the following functions: (i) It acts as the government's bank, i.e., it collects money and makes payments on behalf of the government and manages public debt. (ii) It acts as the bankers' bank. It receives deposits from and gives loans to commercial banks.

Answered by 011sumantarout
23

Answer:

An organization which keeps money safely with its customers, the office or building of such an organization. You can take money out , save, borrow or exchange money at a bank.

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