Public bank

A public bank is like a piggy bank that belongs to everyone in a place like a city or state. When people put their money into a public bank, the bank uses it to help make the place better for everyone who lives there.

For example, the public bank might lend money to people who want to start a small business in the area or to build a new school. It might also help people who don't have a lot of money by giving them loans at lower interest rates than other banks.

The public bank is different from a regular bank because it's run by the government instead of a big company. That means the government gets to decide how the bank uses its money and what types of loans it makes.

Overall, a public bank is like a special bank that tries to help everyone in an area to have a better life by using their money to make useful things happen.