Economy, asked by sap0905sapa0akg, 1 year ago

how do banks mediate between those who have surplus money and those who need money

Answers

Answered by bhavika97

17

Explanation:

A bank mediates between those who have surplus money and those who need money by allowing both to open accounts with it. ... Those with surplus money are encouraged to invest with the bank and are paid a certain rate of interest for the same. Those who need loans are required to pay an interest on their loans.

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