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BANKING AND MONETARY POLICY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY2 Marks
Question
Give the meaning of Bank.
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Answer

Bank is an institution authorised to collect people’s savings/deposits with the purpose of lending those; under the condition of returing the same when the depositor demands.

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