How do banks extend loans to the people? (Yrrr mere ques. Ka koi ans dedo)
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The extension of loan to the people is is dependent on the number of people who are depositing on a particular bank system
Explanation:
- There are are different people who deposit their money on the bank at a particular rate of interest falls now then a portion of this money is lent to different institutions and people as loan.
- The rate of interest of loan is higher as compared to the rate of interest when someone deposit money. This difference is the profit of that particular Bank. There are many criterias taking the loan
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