what are the functions of banks
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The function of a Bank is to collect deposits from the public and lend those deposits for the development of Agriculture, Industry, Trade and Commerce. Bank pays interest at lower rates to the depositors and receives interests on loans and advances from them at higher rates.
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1
answer:
The function of the banks is to collect deposits from public and lend those deposits for the development of agriculture, industries , trade and Commerce. Bank pays interest at lower rates to the depositors and receive interests loans and advances from them at higher rates.
Explanation:
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