Economy, asked by TejasviJaiswal, 9 months ago

banks use the major portion of deposit for which work​

Answers

Answered by puchkidu9
2

Answer:major portion of deposits are used by banks for extending loans for borrowers.some portion is used as cash reserve ratio with th RBI.

Explanation:

Answered by adityarajput66
2

Answer:

hello \: buddy \\ your \: answer \: is \:  \\ the \: \: major \: portion \: of \:  \\ deposited \: money \: in \: bank \: \\  is \: used \: to \: lent \: loan \: for \:  \\ different \: purpose \: with \: \\  some \: rate \: of \: intrest \:  \\ which \: has \: to \: be \: paid \: \\  along \: with  \\ \: the \: principle \: amount \:  \\ this \: intrest \: is \: the \: \\  main \: source \: of \: income \: \\  of \: banks \\  \\  \\ hope \: it \: helps \: you

Similar questions