BANK
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Bank is a
financial institution, set up purposely for safekeeping of money valuable goods
and documents like Wills & Others. They are institutions that create money,
and give out loans to people.
Types of Banks:
They are different types of banks and they
include:
1. Commercial Bank
2. Central Bank
3. Merchant Bank
4. Saving Bank
5. Development Bank.
COMMERCIAL
BANK
Commercial
Banks are setup for keeping and lending money to people, with the aim of making
profit. They are owned by private individuals, institutions or governments.
Examples
