Google

Thursday, August 2, 2007

Bank

A bank is a commercial or state institution that provides financial services, including issuing money in form of coins, banknotes or debit cards, receiving deposits of money, lending money and processing transactions. A commercial bank accepts deposits from customers and in turn makes loans based on those deposits. Some banks issue banknotes as legal tender. Many banks offer ancillary financial services to make additional profit; for most banks also rent safe deposit boxes in their branches.

No comments: