"Deposits with the banks are beneficial to the depositers as well as to the nation". Examine the statement.
Answers
Answered by
764
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.
hopes this helps !!!!!!!!
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.
hopes this helps !!!!!!!!
AkashMandal:
please mark it as BRAINLIEST
Answered by
105
Answer:To depositors
Bank pay interest on the deposit .
Money in safe the bank.
Depositors can withdraw the money when they required.
To nation
The help in the advancement of the economy.
Bank use deposit money to extend loans.
Bank make question of deposit to need the loans required of people.
Explanation:
Similar questions