Social Sciences, asked by dhawalagrawal03, 1 year ago

Explain loan activities of bank?

Answers

Answered by ghanshyamGSB

The loan activities of bank can be understood in the following manner. Banks keep about 15% of cash reserves out of the deposits it receives in the form of savings. The banks pay a fixed amount of interest rate on the savings. ... The borrowers are required to pay the interest on loans.

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