4. Only a part of the total deposits is kept as cash in the bank-safe. Why is this so and how does this benefit the bank?
Answers
Answered by
0
Answer:
Only a part of the total deposits is kept as cash in the bank safe. Why is this so and how does this benefit the bank?
Explanation:
Only a part of the total deposits is kept as cash in the bank-safe it is because the bank has to pay only the certain amount that is in demand by the depositor and especially during the particular time -period like at the beginning of the month. ... They have to pay salary to its employees and interest to the depositors.
Similar questions