Question

Babanrao deposits his money in a nationalized bank

Answer 1

Answer:

deposits is a nationalised bank

Answer 2

Babanrao deposits his money in a nationalized bank – This an identified concept of bank money.

Explanation:

• Bank money refers to deposits made by people in a Bank which are in the form of money or cash.  

• The money is put into the banks in the form of their savings. Money act as a store of value since it will help them with their satisfaction of wants for the present and also act as savings for them for their future.

• This can only be possible by saving money by putting them in the banks.  

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