Social Sciences, asked by nrandom887, 10 months ago

Can anyone please help me From question number 13. I will mark it as brainalist

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Answers

Answered by shriyanshgps335
1

Answer:

They provide safe and secure deposits to a person's money. They provide excellent saving and investment options and also help in the growth of the nation. They provide interests on the deposited money to the depositors. Money can be easily withdrawn from the banks as and when required by the depositors.

Hope it helps.. Plz mark brainliest...

Answered by ratanvoleti
0

Answer:

Explanation:

Deposits with the banks are beneficial to the depositors as well as to the nation. Banks accepts the deposits and pay interest to the depositor. People's money is safe with the banks. People can withdraw the money as and when they requirure]

Deposits with banks are beneficial to the depositor as well as to the nation because

1. Depositors are able to save their money and earn interest.

2. Deposits are lent out to borrowers.

3. The loans are used for investment.

4. Investment increase GDP.

5. Higher GDP leads to more jobs.

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