World Languages, asked by dimpidas979, 6 months ago

explain the function of modern banking

Answers

Answered by riyaarya658

Answer:

the function of a bank is to collect deposit from the people and lend those deposit for the development of agriculture , industry ,trade and commerce bank

Answered by pravalika2185

Explanation:

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 intrested on loans and advances from them at higher rates

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