Economy, asked by Zubairgul6854, 10 months ago

Explain the various credit and loan activities of bank with an example

Answers

Answered by kishlaykumar61

Answer:

The depositers deposit money in the bank and get interest. Banks keep only a small propotions of the deposits with them as cash. ... Bank offer very less interest on deposits than what they demand on loans. Banks work on the principle of credit and deposit.

Answered by shivakaki9

Bank offer very less interest on deposits than what they demand on loans. Banks work on the principle of credit and deposit. Bank only retain smaller portion of deposited money in the account and rest all the money of the depositors is used by bank to provide different types of loans to the consumers.

Previous Question

Next Question