Question

Explain the close linkages between w the currency deposite and the modern banking system

Answer 1

Heya. ..

Ques :- Explain the close linkages between w the currency deposits and the modern banking system???

Ans ___________

• Currency deposits and the modern banking system are interconnect...

• General people deposits money in this bank..

• Bank accept their money and kept as CRR and rest money used as loan giving...

Thus, economy runs...

Thank you

Answer 2

❄❄❄ HEYA BUDDY ❄❄❄

✨ YOUR ANSWER

____________

⏩ modern banking system and current deposits are interconnected. As people deposit money in bank and bank use their money as current deposit and loan.

____________

☣ hoPe it hEplS ️❤