Social Sciences, asked by prem7975, 9 months ago

How do the deposits with banks become their source of income?(Delhi - 2016)

Answers

Answered by Ravispssbp

0

Explanation:

Deposits with banks become their source of income because banks use the deposits to provide loans. The loans earn interest for banks which become their income. Banks use a significant share of the deposits to provide mortgages to people for several commercial enterprises.

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