What is a bank ? Mention the major
functions of bank
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1
Answer:
A bank is the place to store money or in other words u can say to invest for future plans or events. PRIMARY FUNCTIONS are accepting deposits and granting deposits .
SECONDARY FUNCTIONS
agency function and utility functions
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1
Answer:
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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