Bank

Bank

A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital surpluses.

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Famous quotes containing the word bank:

    “When she could hide him no longer she got a papyrus basket for him, and plastered it with bitumen and pitch; she put the child in it and placed it among the reeds on the bank of the river.”
    —Bible: Hebrew, Exodus 2:3.

    “O Gold! I still prefer thee unto paper,
    Which makes bank credit like a bark of vapour.”
    —George Gordon Noel Byron (1788–1824)