Question

3) How do the deposits sank become
their
source of
income ?​

Answer 1

Answer:

Banks use a major portion of the deposits to extend loans to people for various economic activities. ... Therefore, the difference between what is charged from the borrowers and what is paid to the depositors is the source of income of the banks.

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Answer 2

Answer:

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Explanation:

The Deposits of the people with banks become their source of income because banks use the deposits to provide loans on which interest is charged ,the loans earn interest for banks which become their income.