explain any two Uses of a Bank
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Keep money safe for customers. Offer customers interest on deposits, helping to protect against money losing value against inflation. Lending money to firms, customers and homebuyers. Offering financial advice and related financial services, such as insurance.
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Primary functions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills. - Secondary functions include issuing letter of credit, undertaking safe custody of valuables, providing consumer finance, educational loans, etc.
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