If many loans are written off (that is, borrowers are not required to pay back the
money), how will this affect the working of the bank?
please help me no silly answer
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Answer:
It will affect the bank a lot in many reasons
Explanation:
1.Then at the whole bank will become bankrupt.
2. Because bank does not keeps all the money with it, it will keep only 15% of the money in the bank.
3.They can not return the money of the depositors with interest . And they can not get there salary.
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