What is banck?

A bank is a financial institution that accepts deposits from customers and provides loans and other financial services. Banks are regulated by government agencies to ensure their safety and stability. They offer various types of accounts such as savings, checking, and money market accounts. Banks make money by charging interest on loans and may also charge fees for services such as account maintenance and ATM usage. Some banks also offer investment services such as stocks, mutual funds, and bonds. There are different types of banks such as commercial banks, investment banks, and central banks. Commercial banks are the most common type and provide services to individuals and businesses. Investment banks focus on providing investment advice and services to corporations and wealthy individuals. Central banks are responsible for managing a country's monetary policy and regulating the banking industry.