Social Sciences, asked by sanjeetadarsh1984, 11 months ago

Banks are the efficient medium of exchange. support your answer?​

Answers

Answered by 2004dayal
0

Explanation:

Yup banks are a efficient medium of exchange because the Banks take the money of depositors and promise them with interest on the deposit meanwhile they lend this money to the lenders who are needed to get a loan and charge a high interest from them this interest is given to you but 15 percent of it is take by bank.

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