What is a bank

Answer 1

A bank is a financial institution that accepts deposits from customers and uses those funds to make loans and investments. Banks also offer a variety of financial services, such as checking and savings accounts, credit cards, and other types of loans. They play a critical role in the economy by providing a safe and secure place for people to store their money and by providing businesses and individuals with access to credit. Banks are heavily regulated by governments to ensure solvency and stability.