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“Budgeting is the first step in Money management.” In this context explain the The two most important functions of a bank.

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Functions of a Bank : 

Bank is an institution which accepts deposits from the public and in return advances loans by creating credit. Banks perform so many functions and provide varieties of services to the present society. 

1. A bank receive deposits from the public for the purpose of making investments and granting loans. 

2. The bank also lends out the money which it gets from the deposits of the public. 

3. Bank also grant loans for, a specific time period. 

There are many other functions which a bank do. These were few of them.

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