Deposits in bank are beneficial to both nation and depositer
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Explanation:
1) banks only keep a small portion of money deposited with them about 15% to pay the depositors who may come to withdraw money on a given day.
2) banks use the major portion of the money to lend loan to people who are in need of funds.
3) the depositors benefit from banks by depositing money with them as they are given interest on the funds deposited.
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