Economy, asked by riddheshpande, 5 months ago

How do the deposits with banks become their source of income?​

Answers

Answered by Laraleorapathi
4

Explanation:

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.

Answered by AzulIvy
2

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

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