भिडियो हेर्नुहोस !
A bank is an institution that accepts deposits of money from the public withdraw-able by cheque and used for lending.
Thus, there are two essential functions which make a financial institution a bank:
(1) Acceptance of chequable deposits (of money) from the public and
(2) Lending.
The former is its unique or most distinctive function.
Three things about deposits are noteworthy:
(i) They are deposits of money and not of goods or non-money financial assets;
(ii) Deposits are accepted from the public at large and not merely from its shareholders or members;
(iii) The deposits
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