Economy, asked by nbstyle2009sachin, 1 year ago

Bank charges a higher interest rate on loans than what they offer on dash​

Answers

Answered by koushikreddy2004
5

Bank higher interest rate on loans and less interest deposits because it is a source of income of the bank

Answered by Nadir18
10

Explanation:

Banks charge a higher interest rate on loans than what they offer on deposits. They do so to make profit. ... This is how a bank works by providing attractive interest rate to the depositors on their deposit for using their funds.

Previous Question
Next Question
Similar questions
Math, 7 months ago
prove that. (5/7)⁷×(7/5)⁷–(3/19)²×(19/3)³=0​...
Science, 7 months ago
Bot Revised Superhouse Education Foundation 2020-21 subject -science (Physics) Topic Revision Worksheet Date: 2/1/21 Name: Alice Class: GB Roll No.: 3 Fill in the blanks appropriate words- 1) when north pole of one magnet is brought near the another magnet, they attrout one another of 아​...
Math, 7 months ago
if the opposite sides are not parallel, how will you make it parallel? write your suggestions ​...
Geography, 1 year ago
guys... short note on Indian sea routes..​
Math, 1 year ago
L.C.M of 18,30,24 please answer this quesion fast​...
Math, 1 year ago
The median and mode of data is 35 and 38 respectively the mean will be...
Math, 1 year ago
The mean of 16 items was found to be 30.On checking,it was found that two items were wrongly taken as 22 and 18 instead of 32 and 28.Find correct mean...
Physics, 1 year ago
The material generally used for armour of high voltage cable is...