Business Studies, asked by sarafdwarkesh0265, 7 months ago

Define what is bank and right functions of Bank.​

Answers

Answered by karanapusrinivasarao
1

Answer:

The function of a Bank is to collect deposits from the public and lend those deposits for the development of Agriculture, Industry, Trade and Commerce. Bank pays interest at lower rates to the depositors and receives interests on loans and advances from them at higher rates.

Answered by vilhoutuonuovich
1

Answer:

Bank is where we can keep our money safely

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