what is bank? explain its function
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Definition of a Bank
A bank is a financial institution which performs the deposit and lending function. ... Similarly, the bank lends to a person who needs money (investor/borrower) at an interest rate. Thus, the banks act as an intermediary between the saver and the borrower.
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0
Answer:
Definition of a Bank
A bank is a financial institution which performs the deposit and lending function. ... Similarly, the bank lends to a person who needs money (investor/borrower) at an interest rate. Thus, the banks act as an intermediary between the saver and the borrower.
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