Question

Define the term ‘Bank’.

Answer 1

Answer:

it is a please for kept money is known as bank

Answer 2

Answer:

The bank is an establishment approved by a Government is to accept pay interest, deposits, advance loans, and clear cheques, act as a negotiator in economical transactions, and they will provide other economical services to its customers.

We know people earn money to reach their day-to-day education of children, expenses on food, housing, clothing, etc. They also want money to reach future expenses on higher education of children, marriage, house building, and other social functions. So, they can fulfill these needs with the help of banks.