Social Sciences, asked by april7739, 10 months ago

How are deposits with the banks beneficial for an individual as well as for the nation? Explain with examples.(Delhi - 2015)

Answers

Answered by Ravispssbp
1

Explanation:

Deposits with banks are beneficial for both individual and nation: ... Through cheques, the money gets directly transferred between banks. So no direct payment of cash needs to be made as the deposit itself is money in the modern economy.

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