What is the definition of a Bank? Definition of Bank Bank is a financial institution or corporation which deals with money and its substitutes; it also provides other financial services. Banks accept deposits and make loans and obtain a profit from the difference in the interest paid to lenders (depositors) […]
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Definition of bank by different authors In this Article, you will learn- Definition of bank by different authors What is a bank Various definition of bank The objective from the viewpoint of Bank owners, The objective from the viewpoint of the government and The objective from the viewpoint of Bank customers. The bank is […]
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Characteristics of a Bank Characteristics of a Bank is given step by step 1. Dealing in Money Bank is a financial institution which deals with other people’s money i.e. money given by depositors. 2. Individual/ Company/ Firm A bank is a person or firm or a company. A banking company […]
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Bank Definitions-Functions-Types-Objectives Bank Definitions-Functions-Types-Objectives: BANK is a financial institution or corporation which deals with money and its substitutes; it also provides other financial services. Banks accept deposits and make loans and obtain a profit from the difference in the interest paid to lenders (depositors) and charged to borrowers, respectively. […]
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