Social Sciences, asked by kavaloorkiran, 2 months ago

Mention the characteristics of banks?

Answers

Answered by bhavika368

14

Explanation:

Characteristics of a Bank / Features of Banking

It may be an Individual/Firm/Company.
It is a profit and service oriented institution.
It acts as a connecting link between borrowers and lenders.
It deals with money.
It accepts deposits from public.
It provides Advances/Loans/Credit to customers.

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