Bank

Bank: Origin, Definition, Features, Principles, Types

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What is a Bank? A bank is a financial institution that accepts deposits from the public and leads those who need it thereby making a profit out of it. The lending rate of a bank is higher than the rate it pays to its depositors. A bank, therefore, acts as a reservoir into which the … Read more

Bank: Meaning, 7 Types, 5 Principles, Services of Commercial Banks

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What is a Bank? A bank is an institution that accepts deposits of money from the public which is withdrawable by cheque and uses the deposits collected for lending. Hence, the following four parameters are essential to describe an institution as a bank. Hence, a bank is an intermediary that accepts deposits from the public … Read more