Explain the functioning of bank?
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It gives loans to people
It receive money and depositing it
it gives pensions to disabled or other
It receive money and depositing it
it gives pensions to disabled or other
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Answer:
The basic function of any bank is to accept deposits from the public for the purpose of lending loans to the public and invest the amount in securities. The banks also provide safe deposits locker facilities and safe custody services to the customers.
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