Computer Science, asked by tomarashish707, 11 months ago

"Deposite with the banks is benificial to the depositer as well as to the nation". Explain the statement.​

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Answered by sreemathibalakrishna
1

Banks use money of the depositor to afford loans. ... Banks mediate between those who have surplus funds and those who are in need of these funds. Thus it helps in the economic development of the nation.

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