Economy, asked by ayushakarsh05, 5 months ago

Explain the mechanism of functioning of bank??

Answers

Answered by naveenjoshi01974
6

Answer:

When a person deposits money into their bank account, the bank can then lend other people that money. ... The depositing customer gains a small amount of money in return (interest on deposits), and the lending customer pays a larger amount of money to the bank in return (interest on loans).

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Answered by VarshaBehra
1

Answer:

When a person deposits money into their bank account , the bank can then lend other people that money. The depositing customer gains a small amount of money in return ( intrest in deposits).

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