please focuse in limited words (200-600 words)

Question 3:

A bank is a financial institution that accepts deposits from the public and creates Demand Deposit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. As a citizen of Sultanate of Oman, explain the meaning of bank and financial institutions in detail and light upon on bank and financial institution currently working in the country with a live example?

(10 Marks, Word Limit 200-600)