Accountancy, asked by aadityasharma89, 6 months ago

$\huge\underline\red{\mathfrak{Question}}$

What is bank?

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Answers

Answered by Anonymous

4

Explanation:

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be performed either directly or indirectly through capital markets

Answered by Anonymous

2

Explanation:

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.

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