Question

Explain with examples , how people are involved with the banks.

Answer 1

1) By taking loans
2) by giving money for interests
For example:
1.Ramu wants to buy a car for his younger brother he dosent have money right now so he wants to take a loan
2.Jatin got a lottery he wants to get more money so he deposited that money in bank for interest

Answer 2

Answer:

People are involved with the banks in the following ways:

• Depositors  

• Borrowers
• The people with excess money deposit it in the banks for safety. In turn they earn interest on the amount deposited. At the same time, there are people who need money for various activities. They approach the banks for credit. The bank charges interest from the borrowers.