Economy, asked by aadarshlilhare31, 14 hours ago

please answer me guys...​

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Answered by SRINITHYA9A
1

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Hey!!!
Here is ur answer-

3)A bank mediates between those who have surplus money and those who need money by allowing both to open accounts with it. Banks only keep about 15% of cash reserves to provide to people who come to withdraw money on a daily basis. Those with surplus money are encouraged to invest with the bank and are paid a certain rate of interest for the same. Those who need loans are required to pay an interest on their loans. The difference between payment to lenders and receipt from borrowers comprises the bank’s earnings. Thus, the bank acts as a beneficiary for those with surplus money as well as those who need money.

4)At the top of a 10 Rupee note, 'Reserve Bank of India' can be seen. Reserve Bank of India (RBI) promises the bearer to pay the sum of ten rupees. Signature of RBI Governor and guarantee by the Central Government make this note legal



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