expain the loan activities of bank.
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The loan activities of Banks: (i)Banks keep only a small proportion of their deposits as cash with themselves. This is kept as provision to pay the depositors who might come to withdraw money from the bank on any given day. ... (v)Banks charge a higher interest rate on loans than what they offer on deposits.
Answered by
1
Explanation:
The loan activities of Banks: (i)Banks keep only a small proportion of their deposits as cash with themselves. This is kept as provision to pay the depositors who might come to withdraw money from the bank on any given day. ... (v)Banks charge a higher interest rate on loans than what they offer on deposits.
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