Question

How the bank gets money to advance loan?

Answer 1

Answer:

banks extend their loans from the money they get from depositor's.......

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Answer 2

Heyy Mate Here Is ur Answer....

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Banks create money by lending money because when they do so they don't actually give the borrower cash, but simply credit him the loan amount in an account. ... Banks create money by lending money because when they do so they don't actually give the borrower cash, but simply credit him the loan amount in an account.

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