Social Sciences, asked by divina6864, 1 year ago

find out the different purposes for which the bank lends money.

Answers

Answered by aqibkincsem
22
The purpose for which bank lends money:

Bank gives a loan to students who cannot bear their educational fees.
Bank gives a loan to people who cannot pay the entire amount to buy a car or a property.

Bank also gives a loan to people for their personal reasons and don't have a fixed designated purpose.

Bank gives a loan to the people who want to start up a business and can't bear the expenses upfront.

Similar questions