What do people do when they have extra cash with themselves and what bank do which cash they accepted from public?
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Banks make use of the deposits to meet the loan requirements of the people. (v) In this way, banks mediate between those who have surplus funds (depositors) and those who are in need of these funds (borrowers). (vi) Banks charge a higher rate of interest on loans than what they offer on deposits.
Answered by
1
Answer:
Banks make use of the deposits to meet the loan requirements of the people. (v) In this way, banks mediate between those who have surplus funds (depositors) and those who are in need of these funds (borrowers). (vi) Banks charge a higher rate of interest on loans than what they offer on deposits.
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