Question

. Define the term Bank?[1]​

Answer 1

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.

Answer 2

Answer:

A Bank is a formal source of credit. They are ubder control of RBI.They bridges between those who have surplus and those who are in need of itm