What are the characteristics of Bank
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All banks always work for there consumer satisfaction, as a result, they accept money from all their customers in a way there they also gave an Interest on deposit with the duration passed to money in the bank.
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Characteristics of a Bank / Features of Banking
It may be an Individual/Firm/Company.
It is a profit and service oriented institution.
It acts as a connecting link between borrowers and lenders.
It deals with money.
It accepts deposits from public.
It provides Advances/Loans/Credit to customers.
Explanation:
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