Social Sciences, asked by geetka971879, 9 months ago

Describe the work/function of a bank​

Answers

Answered by Anonymous
1
  • ʙᴀɴᴋs ᴏᴘᴇʀᴀᴛᴇ ʙʏ ʙᴏʀʀᴏᴡɪɴɢ ғᴜɴᴅs-ᴜsᴜᴀʟʟʏ ʙʏ ᴀᴄᴄᴇᴘᴛɪɴɢ ᴅᴇᴘᴏsɪᴛs ᴏʀ ʙʏ ʙᴏʀʀᴏᴡɪɴɢ ɪɴ ᴛʜᴇ ᴍᴏɴᴇʏ ᴍᴀʀᴋᴇᴛs. ... ᴛʜᴇʏ ᴛʜᴇɴ ᴜsᴇ ᴛʜᴏsᴇ ᴅᴇᴘᴏsɪᴛs ᴀɴᴅ ʙᴏʀʀᴏᴡᴇᴅ ғᴜɴᴅs (ʟɪᴀʙɪʟɪᴛɪᴇs ᴏғ ᴛʜᴇ ʙᴀɴᴋ) ᴛᴏ ᴍᴀᴋᴇ ʟᴏᴀɴs ᴏʀ ᴛᴏ ᴘᴜʀᴄʜᴀsᴇ sᴇᴄᴜʀɪᴛɪᴇs (ᴀssᴇᴛs ᴏғ ᴛʜᴇ ʙᴀɴᴋ).
Answered by pranavsp
0

Answer:

ʙᴀɴᴋs ᴏᴘᴇʀᴀᴛᴇ ʙʏ ʙᴏʀʀᴏᴡɪɴɢ ғᴜɴᴅs-ᴜsᴜᴀʟʟʏ ʙʏ ᴀᴄᴄᴇᴘᴛɪɴɢ ᴅᴇᴘᴏsɪᴛs ᴏʀ ʙʏ ʙᴏʀʀᴏᴡɪɴɢ ɪɴ ᴛʜᴇ ᴍᴏɴᴇʏ ᴍᴀʀᴋᴇᴛs. ... ᴛʜᴇʏ ᴛʜᴇɴ ᴜsᴇ ᴛʜᴏsᴇ ᴅᴇᴘᴏsɪᴛs ᴀɴᴅ ʙᴏʀʀᴏᴡᴇᴅ ғᴜɴᴅs (ʟɪᴀʙɪʟɪᴛɪᴇs ᴏғ ᴛʜᴇ ʙᴀɴᴋ) ᴛᴏ ᴍᴀᴋᴇ ʟᴏᴀɴs ᴏʀ ᴛᴏ ᴘᴜʀᴄʜᴀsᴇ sᴇᴄᴜʀɪᴛɪᴇs (ᴀssᴇᴛs ᴏғ ᴛʜᴇ ʙᴀɴᴋ).

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