Math, asked by mukhilkumar, 1 year ago

write what is bank and banking

Answers

Answered by Vickypanjiyar

Heyaa,

Bank is an institution, which Allows Interest on Deposits & charge interest on providing loan facility, It is the main function of bank.

Whereas , Banking are those services which helps the bank to run successfully.

☺️☺️☺️.

mukhilkumar: thanks

Answered by hasiavishikta

Answer:

Definition of Bank

A financial institution that is licensed to deal with money and its substitutes by accepting time and demand deposits, making loans, and investing in securities.

Function

The bank generates profits from the difference in the interest rates charged and paid.

Banking is the business conducted or services offered by a bank.

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