Political Science, asked by nancy142004, 11 months ago

explain the loan activity of banks ......​

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Answered by hazellighte888
1

Answer:

The loan activities of Banks:

Banks keep only a small proportion of their deposits as cash with themselves. Banks charge a higher interest rate on loans than what they offer on deposits. The difference between what is charged from borrowers and what is paid to depositors is their main source of income.

Answered by daksh095
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