A check is a specific draft, drawn by the owner of a checking account, ordering the bank to pay the payee from that drawer's account.
A bank is a financial institution that accepts deposits from the public and makes loans while depositing demand deposits. Loans can be made directly by banks or indirectly through the capital markets.
A bank is a financial institution authorized to accept deposits and make loans. There are different types of banks such as retail banks, commercial banks, and investment banks.
The function of banks is to collect deposits from the public and lend them for the development of agriculture, industry, commerce and commerce. Banks pay interest to depositors at low interest rates and receive interest on loans from depositors at high interest rates.
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