Question

banks in india hold about 15 percent of deposit as cash as a provision _____

a) To maintain ATMs
b) To distribute the money as charity
c) To pay depositors who come to withdraw their money
d) To pay the staffs salary

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Answer 1

Answer:

Banks in India these days hold about 15 percent of their deposits as cash, as a provision to pay the depositors who might come to withdraw money from the bank on any given day.

Answer 2

Answer:

(c) to pay depositors who come to withdrawal their money

Explanation:

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