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What is bank in simple words?
In banking, the word Bank denotes the Financial Institute, who accept the deposits and lend that money..jpeg)
How Bank Earns Money?
The major source of banks earnings is 'Spread'.
The spread is the difference between deposit and loan interest rates.
Banks also provide lots of services to their customers to fulfill their requirements, such as check, Credit card, Net Banking, Mobile Banking, Overdraft etc.
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