Question

state and explain any 2 main functions of bank

Answer 1

Banking has beendefined as “Accepting for the purposeof lending & investment, of deposit of money from the public, repayable on demand order or otherwise and withdraw able by cheque, draft or otherwise.” .The main functions of banks are accepting deposit and lending loans: A – accepting deposits 1.

Answer 2

Definition:- Banking has been defined as “Accepting for the purpose of lending & investment, of deposit of money from thepublic, repayable on demand order or otherwise and withdraw able by cheque, draft or otherwise.” ...  The main functions of banks are accepting deposit and lending loans: A – accepting deposits