Economy, asked by satwik9734, 5 months ago

what are the 2 main functions of the bank​

Answers

Answered by ahanamix
12

Answer:

A bank performs two main functions.

Firstly, it accepts deposits, and on that basis it lends money. The moneylenders, on the other hand, advance money out of their own private wealth and usually do not accept deposits from others.

Hope my answer will help u

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