Question

"deposit with banks are beneficial to the depositors as well as to the nation" examine the statement ​

Answer 1

Answer:

yes, deposits money in the bank is benificial to us and to nation also. Because when we deposit money they give intrest to us and that mo ey give to other people to their for intrest that like nation and ours also benificial

AND

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Answer 2

Answer:

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.

Explanation: