Question

What do the banks do with the deposit which accept from the public.

Answer 1

ANSWER...

The bank accept deposits from the public and use the major portion of the deposit to extend loans. they charger higher interest rate on once but they offer on deposits. bank is deposited money to make loans the amount of interest the bank collect on loans is greater than the amount of interest they Pay to customer with savings account and the difference is the banks' profit.


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