Business Studies, asked by rkRahul1340, 4 days ago

What is the relationship between banking and statistics

Answers

Answered by MissRudeGirl

2

Statistics plays an important role in banking. Banks make use of statistics for a number of purposes. They work on the principle that everyone who deposits their money with the banks does not withdraw it at the same time. The bank earns profits out of these deposits by lending it to others on interest.

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