Question

write the meaning of Bank & explain its main function​

Answer 1

Explanation:

A bank is a financial institution which performs the deposit and lending function. A bank allows a person with excess money (Saver) to deposit his money in the bank and earns an interest rate. ... Thus, the banks act as an intermediary between the saver and the borrower

primary functions of bank are accepting deposits, granting loans ,cash, credit etc. secondary functions of bank are issuing letter of credit, educational loans , providing consumer Finance etc.

Answer 2

bank

it's a storage of money like in our house we store the food in utensils like that in a bank we store money.

bank are of two types

1.private bank- hdfc,India,yesbank

2.government bank-sbi,union bank