2)What do banks do with the deposits they accept from customers?
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Answer. Banks accept deposits from the Public and use the major portion of these deposits to extend loans. ... In this way, bank acts as a mediator between those who have surplus funds (the depositors) and those who are in need of these funds (the borrowers).
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Banks accept deposits from the Public and use the major portion of these deposits to extend loans. ... In this way, bank acts as a mediator between those who have surplus funds (the depositors) and those who are in need of these funds (
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