History, asked by anil5554, 1 year ago

what are the uses of bank​

Answers

Answered by amandon1111
2
The primary function of a bank is to accept deposits for the purpose of lending. So Banks accept deposits for a specific interest rate and lend them at a rate which is slightly higher. They may lend at fixed interest rates or variable interest rates.
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Answered by gargnakul67
1

Uses of bank

1. It deposits the surplus product.

2. It provides loan

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