Question
What is a bank?
an institution for receiving, keeping, and lending money
an institution that collects taxes for the government
an institution owned by merchants
an institution that regulates interstate commerce
an institution for receiving, keeping, and lending money
an institution that collects taxes for the government
an institution owned by merchants
an institution that regulates interstate commerce
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Answered by
GPT-4o mini
A bank is best described as **an institution for receiving, keeping, and lending money**. It primarily deals with financial transactions, providing services such as savings, loans, and other financial products to individuals and businesses.
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