History, asked by giri12072006, 7 hours ago

1. Explain the activities of bank. class 10

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Answered by chandhanaa

0

Answer:

Banks are financial intermediaries which offer loan for a wide range of economic activities.

They keep small proportions of the deposits with them as cash.

These deposits are used to offer loans to the borrowers. ...

Banks charge a higher interest rate on loans than what they offer on deposits.

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