Sociology, asked by rahul449018, 1 year ago

how the banks developed & worked

Answers

Answered by riyamalik51

Explanation:

Banks work by paying its customers to lend them money. ... The depositing customer gains a small amount of money in return (interest on savings), and the lending customer pays a larger amount of money to the bank in return (interest on loans).

I hope it's helpful to you and

please follow me

and happy teachers day

Answered by asamdisahal

Answer:Banks accept deposits and make loans and derive a profit from the difference in the interest rates paid and charged, respectively. ... Interest you earn on your balance is also added to your account. Banks create money in the economy by making loans.

PLEASE GAVE ME A BRAIN LIST

Previous Question

Next Question

Similar questions

Math, 6 months ago

Rationalise the denominator: $\frac{1}{ \sqrt{5} + \sqrt{2} } +\frac{1}{\sqrt{7} - \sqrt{6} } + \frac{1}{ \sqrt{8} - \sqrt{6} }$ Who will answer it first..... I'll mark it as brainliest.......