what is a banking and main features of banking – InterviewSolution

1.	what is a banking and main features of banking
Answer» A bank is a financial institution that accepts deposits from the public and creates credit.Features of bank:1.It may be an Individual/Firm/Company.2.It is a profit and service oriented institution.3.It acts as a connecting link between borrowers and lenders.4.It deals with money.5.It accepts deposits from public.It provides Advances/Loans/Credit to customers.

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