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Question
What is Bank?
Short Answer
Very Short Answer
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Solution 1
A bank is a financial institution which deals with deposits and advances and other related services. Bank provides various services related to money or financial requirements of consumers.
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Solution 2
A bank is a financial institution that accepts deposits, makes loans, and provides other financial services to individuals and businesses. It provides a secure location for storing money and promotes economic activity by lending cash and coordinating financial operations such as money transfers and currency exchange. Banks play an important role in the economy by connecting those with excess funds to others who need to borrow them.
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