Question

Q1) Define 1)Bank - 2)Principal -​

Answer 1

Step-by-step explanation:

The principal is the amount due on any debt before interest, or the amount invested before returns. All loans start as principal, and for every designated period that the principal remains unpaid in full the loan will accrue interest and other fees

A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. ... In most countries, banks are regulated by the national government or central bank.

Answer 2

Step-by-step explanation:

The principal is the amount due on any debt before interest, or the amount invested before returns. All loans start as principal, and for every designated period that the principal remains unpaid in full the loan will accrue interest and other fees.