Chemistry, asked by rkarni680, 3 months ago

Q1 what is the need of banking. How it works.

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Answered by Anonymous

1

Answer:

How Bank works?

When a person deposits money into their bank account, the bank can then lend other people that money. ... The depositing customer gains a small amount of money in return (interest on deposits), and the lending customer pays a larger amount of money to the bank in return (interest on loans).

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