Answer / karthikeyan

A bank is a financial intermediary that accepts deposits
and channels those deposits into lending activities, either
directly or through capital markets. A bank connects
customers with capital deficits to customers with capital
surpluses.

Answer / kriti arora

a bank is a financial institution which accepts deposits of the customer and grant credit to the general public.
the difference between the interest rate of granting credit to the public and receiving deposits from the customer is the source of income for the banks.

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