Question

write a function of bank.
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Answer 1

Answer:

These primary functions of banks are explained below.

• Accepting Deposits. The bank collects deposits from the public. ...
• Granting of Loans and Advances. The bank advances loans to the business community and other members of the public. ...
• Agency Functions. The bank acts as an agent of its customers. ...
• General Utility Functions.

Explanation:

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Answer 2

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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Explanation:

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