Question

give a detailed information of business of the bank

Answer 1

The term bank is either derived from old Italian word banca or from a French word banque both mean a Bench or money exchange table. In olden days, European money lenders or money changers used to display (show) coins of different countries in big heaps (quantity) on benches or tables for the purpose of lending or exchanging.

Answer 2

In banks you deposit your money and the bank managers promise that your money will increase.In fact a part of our money is utilized by some users in the form of study loan,home loan,car loan,etc.They are given a certain time when to return the amount with interest.They say they have given an interest of 10% but in actual they have given interest of 15% thus making a 5% profit to them.