Social Sciences, asked by saniashahin74, 2 months ago

Mention the characteristics of banks.

Answers

Answered by ahanamix

6

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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