What are the 2 important functions of banks?
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1
Answer:
1Accepting Deposits. The bank collects deposits from the public. ...
2Granting of Loans and Advances. The bank advances loans to the business community and other members of the public. ...
Answered by
2
Answer:
Important functions of banks are :
1) Accepting Deposits. The bank collects deposits from the public.
2) Granting of Loans and Advances. The bank advances loans to the business community and other members of the public.
3) Agency Functions. The bank acts as an agent of its customers.
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