Question

the basis of the bank or beneficial to the depositors as well as to the nation. analyze

Answer 1

Deposits with banks are beneficial to the depositor as well as to the nation because

1. Depositors are able to save their money and earn interest.

2. Deposits are lent out to borrowers.

3. The loans are used for investment.

4. Investment increase GDP.

5. Higher GDP leads to more jobs.

Answer 2

Deposits with banks are beneficial to the depositor as well as to the nation because

1. Depositors are able to save their money and earn interest.

2. Deposits are lent out to borrowers.

3. The loans are used for investment.

4. Investment increase GDP.

5. Higher GDP leads to more jobs.