Question

explain the relationship between bank and customer
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Answer 1

Explanation:

When a bank grants loan and other credit facilities to the customer, the relationship between the banker and customer is reversed, that is Customer is Debtor and Banker is Creditor. In such cases banker doesn't carry/ hold the money of the customer but it is the money of the bank in the hands of the customer.

Answer 2

Explanation:

• When a bank grants loan and other credit facilities to the customer, the relationship between the banker and customer is reversed, that is Customer is Debtor and Banker is Creditor. In such cases banker doesn't carry/ hold the money of the customer but it is the money of the bank in the hands of the customer.