11th ques answer pls
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sahil301231:
yes i trust u
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Explanation:
# those having extra cash open a bank account in their name and deposit money there
# their money is safe and they get some interests
# they r known as depositors
#all those who take credit are called borrowers
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Plzzzz mark as brainliest this is the correct answer:-
1) They keep small proportions of the deposits with them as cash.
2) These deposits are used to offer loans to the borrowers. The bank thus intermediates between those who have surplus funds (depositors) and those who are in need of the funds (borrowers).
3) Banks charge a higher interest rate on loans than what they offer on deposits. The difference between what is charged from borrowers and what is paid to depositors is their main source of income.
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