imagine yourself a man named abc you go to the bank and ask for loan. how do Bank mediate between you and depositors
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Banks accept the deposits and also pay an interest on the deposits. In this way, banks mediate between those who have surplus funds (the depositors) and those who are in need of these funds (the borrowers). Banks charge a higher interest rate on loans than what they offer on deposits.
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Banks accept the deposits and also pay an interest on the deposits. ... In this way, banks mediate between those who have surplus funds (the depositors) and those who are in need of these funds (the borrowers). Banks charge a higher interest rate on loans than what they offer on deposits.
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