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Posts Tagged ‘how bank works’

Why do we need a Bank

TweetShareWHAT IS A BANK? The term ‘Bank’ is used generically to refer to any financial institution that is licensed to accept Deposits and issue credit through loans. Banks are the backbone of any economy, as all monetary transactions end up touching banks. The main functions of banks are to: • Channelize Savings • Provide credit facilities to borrower • Provide investment avenues to investors • Facilitate the trade and commerce dealings • Provide financial backbone to support economic... 

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