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Showing posts with label debts. Show all posts
Showing posts with label debts. Show all posts

A bank is a dealer of debts-explain

A bank is a financial intermediary, a dealer of loan. Crowther has defined a bank as a dealer of debts-his own and of other people. In one side ,a bank becomes borrower through collecting deposits from people by various account types.—to another side, the bank establish itself as a lender offering debts/loan to people.