A bank is a financial institution that provides a range of financial services, including accepting deposits, lending money, and facilitating transactions.
Banks play a pivotal role in the economy by serving as intermediaries between savers and borrowers, managing risks, and supporting economic activities.
They offer various products such as savings accounts, loans, and investment services.
Regulated by government authorities, banks contribute to the stability and functioning of the financial system, promoting economic growth and facilitating the flow of capital within a society.