Economy, asked by ahsadevi788, 8 months ago

How do the deposits with bank become their sources of income?

Answers

Answered by daatabhai

Answer:

Banks use a major portion of the deposits to extend loans to people for various economic activities. ... Therefore, the difference between what is charged from the borrowers and what is paid to the depositors is the source of income of the banks.

Explanation:

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How do the deposits with bank become their sources of income?​

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How do the deposits with bank become their sources of income?