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25 July, 12:41

What are the main functions of a bank

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  1. 25 July, 13:06
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    So the 2 most basic and well known functions of banks is to hold money in the form of deposits (acquire funds), and make loans with those funds (invest). Banks pay interest on some accounts (any accounts with large amounts usually pay some form of interest), and charge even higher interest rates on the loans.
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