Bank

A bank is a financial institution that accepts deposits from the public, provides loans, and offers various financial services. Banks play a crucial role in the economy by facilitating the flow of money, providing a safe place for individuals and businesses to store their funds, and offering credit for investments and expenditures. They can be categorized into various types, including commercial banks, investment banks, savings banks, and credit unions, each serving different financial needs. Banks operate under regulations and are often used as intermediaries between savers and borrowers, helping to manage financial transactions and contribute to economic stability and growth.