State with reason, whether you agree or disagree with the principal's statement.
Answers
Answer:
Yes I do agree with my Principle,
A Principal has a very important place in the working of the school. He can improve the standard of education in the school. He is a central figure in the school. ... Our Principal is able, highly qualified and hard working.
HOPE IT HELPS YOU
PLEASE MARK IT AS BRAINLIST AND IF POSSIBLE YOU CAN FOLLOW ME
Answer:
Yes, I agree with this statement.
Primary deposits are also known as cash deposits. A part of these deposits are kept by the bank, to meet the demand for cash of the depositor. This is termed as minimum cash reserves. The banks are able to do with a very small reserve because all depositors do not withdraw money at the same time.
When a bank grants loan to a borrower, the bank opens a deposit account in the name of the borrower and the money transferred on the account of the borrower creates secondary deposits.
When the borrower withdraws money from his loan account by a cheque, it is deposited by the payee in some other bank. Other banks again create credit on the basis of fresh deposits received after keeping the required reserves.