what is bank's function
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Banks accept deposits and make loans and derive a profit from the difference in the interest rates paid and charged, respectively. ... The primary function of banks is to put their account holders' money to use by lending it out to others who can then use it to buy homes, businesses, send kids to college...
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HELLO FRIEND,
It's an interesting question you have asked and here is your answer-
A bank is a financial institution which is involved in borrowing and lending money. Banks take customer deposits in return for paying customers an annual interest payment. The bank then uses the majority of these deposits to lend to other customers for a variety of loans.
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