what did the banks do with the diposit which they accept from the public ..
(5marks answer )
Answers
Answered by
1
Answer:
Banks accept deposits from the Public and use the major portion of these deposits to extend loans. There is a huge demand for loans for various economic activities. Banks make use of these deposits to meet the loan requirement of the people and thereby earn interest.
Explanation:
Answered by
0
Credit Creation like give loan to Public and receive interest From them
Similar questions