Social Sciences, asked by sukhjinderkaur131077, 1 month ago

HOW DOBANKS USE THE MONEY DEPOSIT BY THE PEOPLE​

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Answered by Anonymous
1

Answer:

Customers make deposits into banks and the banks typically use most of those deposits to provide loans (home, auto, student, etc) for other customers. These loans have interest rates tied to them that customers need to pay in order to get the loan in the first place.

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