Question

define banks mediate.​

Answer 1

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⟶ A bank mediates between those who have surplus money and those who need money by allowing both to open accounts with it. Those with surplus money are encouraged to invest with the bank and are paid a certain rate of interest for the same. Those who need loans are required to pay an interest on their loans.

Answer 2

Hlo_ here's Ur Answer ⬇️⬇️

A bank mediates between those who have surplus money and those who need money by allowing both to open accounts with it. ... The difference between payment to lenders and receipt from borrowers comprises the bank's earnings. Thus, the bank acts as a beneficiary for those with surplus money as well as those who need money.

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